The Economist, “Nice words”

September 24, 2009

Leaders offer little of substance at the latest climate change gathering in New York

“The slow progress of cap-and-trade through Congress has foreign partners running out of patience with the excuse that the health-care bill must come first, or that Congress really is complex. America must move at the same time as other economies, rich and poor alike, a dilemma Scott Barrett, an economist at Columbia University, calls the ‘biggest collective-action problem in human history’. The lack of pace of cap-and-trade in the Senate is an ominous sign