This kind of accounting is about generating clicks, ultimately.
We know the actual fixes for this.
Cap and trade fixed acid rain. Pigouvian taxes like a carbon tax work. Even a revenue-neutral carbon tax and dividend where you split the taxed money evenly among everyone works; it literally pays people to not pollute.
The Green New Deal is a fix.
Novel accounting schemes that generate headlines like this are explicitly not a fix because literally all they do is generate bad publicity for billionaires and ad revenue for the paper. There’s nothing real here.
This kind of accounting is about generating clicks, ultimately.
We know the actual fixes for this.
Cap and trade fixed acid rain. Pigouvian taxes like a carbon tax work. Even a revenue-neutral carbon tax and dividend where you split the taxed money evenly among everyone works; it literally pays people to not pollute.
The Green New Deal is a fix.
Novel accounting schemes that generate headlines like this are explicitly not a fix because literally all they do is generate bad publicity for billionaires and ad revenue for the paper. There’s nothing real here.