Carbon Pricing Analysis: Part 3 - Other Key Market Failures - Infrastructure and Scientific Research
- In part 3 of the carbon pricing mega-post, I have continued the list of questionable assumptions in carbon pricing policy with one final flaw related to infrastructure, the choice of infrastructures between lower and zero net carbon emissions potential. I point out that infrastructure and scientific research are two persistent market failures which require substantial support from governments to deliver value to market participants and the citizenry in general. I contend that the monocular focus on carbon pricing has "balled up" (miscategorized, "vermengt") these two persistent market failures into the failure of markets to account for carbon emissions. A break with the idealization of markets, enables us to acknowledge the distinctness of these market failures.
Part 3 can be found here:
Comments and questions welcome and encouraged!
Terraverde - Energizing Green Markets
Belmont, CA 94002