April 24, 2021

251. Removing the green premium

40 world leaders go together virtually this week, for a bit of an impromptu climate summit called by Joe Biden, before the next big climate conference (COP26) in  Glasgow in November. In this edition of the Debunking Economics podcast, Phil Dobbie asks Steve Keen whether Bill Gates has the right approach. He advocates removing the green premium. His argument is, we don’t choose zero carbon emissions products because they are more expensive. If you remove this premium, then everyone will buy zero emission products and the problem will go away. Too simplistic?

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