Government Regulations

We need regulations that create demand for public goods and services.  For example, a cost to the utilities was installing pollution equipment on coal plants to reduce acid rain in the NE states.  The public good was the environmental benefits of not harming the forests and water with acid rain.  The cost was $8 to $9 billion however the benefits were jobs, health and economic growth worth ten times as much.

The same is true of global climate change.  America needs regulations that create demand for reducing the CO2 going into the atmosphere and removing CO2 from the atmosphere. The cost of this will affect the oil, gas and coal industries, utilities and consumers.  The benefits include job creation, entrepreneurs innovating and improving the environment to reduce drought, improving access to fresh water and food.  This will result in economies growing while reducing debt.