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Stephen Heins's avatar

Fabulous, David.

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Bennie's avatar

Air pollution is a “commons” issue. You wouldn’t dump trash on your neighbor’s lawn (at least while he’s looking) but nobody “owns” the atmosphere.

If I’m running a coal-fired power plant I’m not going to spend the money to switch to gas or nuclear unless the government, the default “owner” of the atmosphere, either requires or incentivizes me to do so.

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