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Juan Polanco
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I like the idea of allowing private individuals to sue corporations for their effects on climate. I believe that this would be more useful in reducing the impact on the environment than allowing politics to solve the problem. By allowing individuals to sue corporations, these companies will most likely make a larger effort trying to damage the environment least they can. Being able to sue them will cause corporations to be much more careful because if they make a mistake or purposely damage the environment, they could end up paying the whole cost of that damage. I think this would be a new and improved way of internalizing the climate change externality and would be much more efficient than a policy that wold only minimally reduce the emissions of these corporations.
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Jan 15, 2013