Realistic economic trade-offs of policies designed to reduce carbon emission are seldom addressed by environmentalists outside the
Copenhagen Consensus, so it is refreshing to see this issue brought up
in this journal. Even though the authors rightly emphasis the problem of using agricultural land for biofuel (a policy that
I have always strongly opposed), they also touch upon the high cost of carbon reduction technology, which in turn gives consumers less disposable income. The proponents of...
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