Jonathan Movroydis of The Hoover Institution interviews Terry Anderson on his latest book, Adapt and be Adept: Market Responses to Climate Change.
- Adapt and be Adept outlines the many ways in which the free market responds to climate change.
- Take housing as an example. In certain high flood risk areas, we are seeing housing prices rise to reflect the risk of climate change-related flooding.
- The best way to adapt to the risks of climate change is through free markets, not government mandates.
“A carbon tax would impose huge costs on poor people in the United States and across the world, and yet we continue to push it forward, while we appropriately worry about income distribution. The book describes the carbon tax as an example of ‘blackboard economics.’ It looks good on the blackboard, but not so good if you look out the window at the real political world.”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
