Climate-change fight: The free-market component

  • Article by: Brian Nowak
  • Updated: June 27, 2013 - 7:34 PM

A bold climate action plan was launched by President Obama on Tuesday. This broad plan with more than 50 initiatives ranges from stringent pollution controls to climate adaptation strategies. Environmental groups applauded and Congress ineffectively stood by as the train to stop climate change left the station. The plan relies heavily on increased Environmental Protection Agency regulation to cut carbon emissions. It recognizes that Americans are already paying for the externalize costs of carbon pollution, citing that weather-related disasters in 2012 cost more than $110 billion collectively.

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