I welcome the announcement that the Alliance of Liberals and Democrats in Europe (ALDE) MEPs are fully behind ambitious goals adopted by the European Parliament in yesterday’s resolution on the EU strategy for the forthcoming UN Climate Change Conference. The EU has a vital role here that overshadows all grumbles about the drawbacks of membership. And I am relieved, but not surprised, that naïve economic liberal opposition to any market intervention, even to correct market failures in respect of environmental damage, has lost the argument.
ALDE coordinator on the European Parliament’s Temporary Committee on Climate Change Lena Ek (Centerpartiet, Sweden) commented that the situation was “critical” and that “Ambitious goals are absolutely necessary.” She also stressed the importance of forests and the need for sustainable forest management.
ALDE-member Vittorio Prodi (Margherita, Italy), TCCC Vice-Chair, said that we would have to decrease our CO2 output drastically and in order to do that: “we may have to consider more radical suggestions that allocate a number of carbon emission rights per individual. A system like "One person, one emission right" may be necessary in the near future."
ALDE coordinator on the European Parliament’s Temporary Committee on Climate Change Lena Ek (Centerpartiet, Sweden) commented that the situation was “critical” and that “Ambitious goals are absolutely necessary.” She also stressed the importance of forests and the need for sustainable forest management.
ALDE-member Vittorio Prodi (Margherita, Italy), TCCC Vice-Chair, said that we would have to decrease our CO2 output drastically and in order to do that: “we may have to consider more radical suggestions that allocate a number of carbon emission rights per individual. A system like "One person, one emission right" may be necessary in the near future."
Comments
Targets are inefficient, they are never met.
Economic liberals instead would espouse pigouvian taxes (like the LibDem proposal of green taxes) or cap and trade schemes. Of course, there should be healthy skepticism about how these will be enacted given governments will have to do it, and governments fail far more and with far worse consequences than markets (where failure is an opportunity for entrepreneurs to solve)