Climate change has been described as “the biggest market failure in human history”[1]. Although fuel is costly, emitting the by-product CO2 is for free; yet it causes damages to society. In other words, those who benefit, by using the atmosphere as waste dump, do not pay the full costs, i.e. the adverse effects climate change has on societies on a global scale. Can this market failure be cured? Sh ...[Read More]
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Climate: Past, Present & Future