Environmental & Energy
Jan. 31, 2020
Climate Change: We may be late to the party, but the band’s still playing
Understanding how the world got to its present state in terms of climate change requires looking at some basic tenets.
Gerald George
Partner
Davis Wright Tremaine LLP
Email: GeraldGeorge@dwt.com
Gerald is an environmental partner in the firm's San Francisco office. He has practiced environmental law for 30 years, including as head of the U.S. Department of Justice Environmental Enforcement Section field office in San Francisco.
Understanding how the world got to its present state in terms of climate change requires looking at some basic tenets. Econ 101: Activities have costs, some of which are internalized i.e., incorporated into the cost and profit structure of the actors; some are externalized, borne by others, or by society. Which leads to Business 101: It is to the advantage of a company to externalize costs, rather than internalize them, which would require them to increase prices and/...
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