So important - but to be implemented in the right way addressing any unintended consequences.... I've been spouting about this for years. We (individuals, businesses, investors, governments etc) are all currently incentivised to live unsustainably - with inadequate attention paid to non-market values. We totally need to correct those market failures using a carefully designed suite of mechanisms - with economic market based instruments being just one key way...
So important - but to be implemented in the right way addressing any unintended consequences.... I've been spouting about this for years. We (individuals, businesses, investors, governments etc) are all currently incentivised to live unsustainably - with inadequate attention paid to non-market values. We totally need to correct those market failures using a carefully designed suite of mechanisms - with economic market based instruments being just one key way...