Tuesday, July 15, 2014

Climate change: A perverse incentive

Farmers are our biggest greenhouse gas polluters. At the moment, they're driving our climate towards more droughts and more storms. But they don't have to care - because when the worst happens, the government steps in to bail them out.

This is what government should do: protect people from the vagaries of fortune. But in this case, it's a bit of a perverse incentive, which results in the people ruining the climate effectively being paid by the government for doing so.