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Never say that the gods lack a sense of humor. I bet they're still chuckling on Olympus over the decision to make the first half of 2010 — the year in which all hope of action to limit climate change died - the hottest such stretch on record.
The comments on this article make me despair for America (and show Krugman was absolutely correct to say Greed and Cowardice were responsible for sinking the bill)
There are many obstacles to taking action on climate change. Most of those obstacles have deep roots: there are powerful interest groups that don’t want market prices to reflect true costs, and there are ideologues — financially supported by these interest groups — who don’t want to admit that sometimes the government has to intervene.
But there’s also, it seems, growing opposition to cap-and-trade from people who should be on the side of progress — but whose reaction is basically “Eek! Markets!Wall Street! Speculation! Bad!”
We don’t need this.
So let me talk a bit about why this reaction is 99% wrong, and bad for the planet.
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