Archive for the ‘Boudreaux’ Category

Lomborg’s brilliant climate plan: leave GHG externalities alone and let governments spend 0.05% of GDP on picking winning low-carb technologies!

June 29th, 2008 No comments

The folly practically speaks for itself

Why does Bjorn Lomborg think that governments can better determine worthy investments than private firms?  And that such investments should be borne by ordinary taxpayers rather than those who are generating the externalities that are the basis for his concern?  And why does he think governments around the world will each bear their fair share of such expenditures, instead of free riding?

Lomborg’s policies will simply lead to more politically directed pork (wasted money) while doing nothing to discourage GHG emissions or to encourage private investments in GHG-lite technologies. 

h/t Don Boudreaux, who startlingly calls Lomborg’s post “great good sense”!

(Jim Hansen’ “carbon tax – 100% rebate” proposal (noted in my preceding post) – which is much along the lines of the revenue-neutral carbon tax/income tax rebate that kicks in July 1st in British Columbia – makes much more sense than having the government try to micromanage investments and other private decisionmaking.)