Last Earth Day world leaders gathered to sign a global climate accord, offering ambitious emission pledges — more aspirational that substantive — that leave wide open the question of how all this will actually be accomplished.
Fortunately, clean capitalists lead the way. Crushing costs, big wind and solar just beat gas or coal on unsubsidized price alone, with lowest levelized costs for best executed and sited plants in 2015.[1] The strong forecast-beating trend is clear: surging growth, profitability and competitiveness are here now, at the leading edge, with more on the way.
The most stunning implication of this market disruption? When unsubsidized profits appear in industries with strong tech driven cost reduction curves, tax rates on profits suddenly matter, a lot. These can have a strong effect on growth by boosting returns, thus attracting new investment. So suddenly tax rates become a powerful policy tool. One as yet unconsidered by most climate policy experts or economists or world leaders.[2]
In fact, we now have a whole NEW set of policy options to consider. Well, not new, actually… rather, traditional pro-capitalist policy options, such as: marginal tax rate cuts on investments, spending cuts, phasing out of bad policy, deregulation, individual and entrepreneurial empowerment; extending third world property rights to curb poverty, deforestation, and the toxic devastation of illegal mining; promotion of choice, competition, and positive side laissez-faire.
http://spectator.org/after-earth-day-how-capitalist-ideas-can-save-the-planet/
Fortunately, clean capitalists lead the way. Crushing costs, big wind and solar just beat gas or coal on unsubsidized price alone, with lowest levelized costs for best executed and sited plants in 2015.[1] The strong forecast-beating trend is clear: surging growth, profitability and competitiveness are here now, at the leading edge, with more on the way.
The most stunning implication of this market disruption? When unsubsidized profits appear in industries with strong tech driven cost reduction curves, tax rates on profits suddenly matter, a lot. These can have a strong effect on growth by boosting returns, thus attracting new investment. So suddenly tax rates become a powerful policy tool. One as yet unconsidered by most climate policy experts or economists or world leaders.[2]
In fact, we now have a whole NEW set of policy options to consider. Well, not new, actually… rather, traditional pro-capitalist policy options, such as: marginal tax rate cuts on investments, spending cuts, phasing out of bad policy, deregulation, individual and entrepreneurial empowerment; extending third world property rights to curb poverty, deforestation, and the toxic devastation of illegal mining; promotion of choice, competition, and positive side laissez-faire.
http://spectator.org/after-earth-day-how-capitalist-ideas-can-save-the-planet/
No comments:
Post a Comment