Whoa, there goes the "markets are best for price discovery" and "perfect information". "It's the statue, man, The Statue."
Maybe we should write an LTE encouraging them?
Jerome already wrote an op-ed [which was never run in the UK edition?] about how the effect of market (marginal) pricing for energy was never explained to the public. "It's the statue, man, The Statue."
Consumers need to be presented with a different price differential for products of carbon-using and non-carbon-using products ... they really do not need to know in detail how much of the change in price differential is a result of that.
Its those engaged in long term development and investment projects that need the information. Give them a thick market in carbon emission permits, and they'll have that information. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
