The world's corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies.
Sure, regulations such as carbon taxes are necessary to contain negative externalities, but if there’s a demand for cheap products there will be a lowest bidder that will take all market share.
If the taxes are accounting for the externalities well enough, even the lowest bidder will be sustainable.
If the taxes are accounting for the externalities well enough, even the lowest bidder will be sustainable.