In an era marked by growing concerns about climate change, the role of government in addressing environmental issues has become increasingly prominent. However, as billions of dollars are poured into climate change programs and regulations, it is essential to critically examine the true impact and costs of these initiatives.
The distinctly human capacity for innovation has reduced hunger and poverty, and greatly expanded our life expectancies since the Industrial Revolution. Many industries may have contributed to the carbon crisis, but a new industry will be what solves it.
Despite the economic challenges involved, nuclear power is our best chance of walking that tightrope that allows us to manage both economic and industrial concerns while decarbonizing. Is that not the objective we are all striving for?
The United Nations recently announced that the world’s population is now estimated to have reached 8 billion — up from 7 billion as recently as 2011. This latest milestone has seen renewed alarmism from those who believe that the planet is already overpopulated.But is population growth really such a threat to humanity? There are many reasons to believe that, quite the opposite, population growth actually amplifies opportunities for tackling humanity’s greatest challenges.
To protect the environment, the way forward is through the promotion of markets and innovation, including the sharing economy, which can solve the problem far more effectively than state regulation.
Given the various shortcomings associated with central planning, market-based solutions are extremely important in addressing climate change. Due to their sensitivity to geographic and technological differences across society, market-based solutions ought to be an important part of any solution.
To see the sharing economy as merely “cheaper taxis and cheaper hotels” is to miss the point entirely.