Buy Coal? New Analysis Shows Purchasing Fossil Fuel Deposits Best Way to Fight Climate Change
Reference- http://www.sciencedaily.com/releases/2012/04/120411161628.htm
Summary- Environmental policy has historically been driven by a demand side mindset attempting to limit consumption of precious fossil fuels through pollution permits, taxation, and multi-national climate change treaties. However research from the Kellogg School of Management at Northwestern University suggests that buying coal, oil and other dirty fossil fuel deposits still in the ground could be a far better way to fight climate change. One of the biggest challenges for multi-national climate agreements is the role of non-participating countries. If climate coalition reduces demand for fossil fuel the world price of oil goes down and non-participating countries find it profitable to consume and pollute more.
Critique- If the world prices of oil goes down and non-participating countries find it profitable to consume and pollute more.
Impact- If the climate coalition reduces demand for fossil fuel the world price of oil goes down it would then be cheaper.
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