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To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous. ↗
We have to be aware that the scientific community throws up tons of different hypotheses and at a certain point we'll find out who was right and who was wrong. But we have to go with the best information right now, which I would claim to be the IPCC reports. ↗
We worry about the seemingly ever-increasing number of natural catastrophes. Yet this is mainly a consequence of CNN - we see many more, but the number is roughly constant, and we manage to deal much better with them over time. Globally, the death rate from catastrophes has dropped about fifty-fold over the past century. ↗
