The long-term costs of carbon emissions will be a public cost. It follows a pattern that has become quite common recently in America, where the profits are kept by the company and shareholders, while the costs are borne by the public.
So don't be surprised that the Cato institute discounts that fact, since their funding comes from industries that can only survive by perpetuating this system.
So don't be surprised that the Cato institute discounts that fact, since their funding comes from industries that can only survive by perpetuating this system.