Robert Rubin: The key to this is really the political system. If - TopicsExpress

Robert Rubin: The key to this is really the political system. If you had accounting rules that result in the externalities [i.e., the costs of greenhouse-gas emissions] being captured in financial statements, then obviously people would react. It’s not a carbon price issue, it’s an accounting issue: ‘I run a business. I emit. I dont pay the price for the emissions. I produce the good. I sell it. I dont care about the emissions because its not my cost. Its society’s cost.’ Thats an externality.

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all know what is the meaning of death .. death is not to be afraid