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by matt4077
3305 days ago
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US companies and individuals were already taking up the challenge, mostly by arguing for this agreement. The agreement's purpose is to set common standards, so as to defuse the race-to-the-bottom/prisoner's dilemma mechanisms of markets. Companies often invite regulation when they want to do something for moral reasons that would out them at a disadvantage in the market. It's a common mistake to assume that industries object to all regulation: think of the small construction business where the owner still works himself, or cares for his people: he'll be among those profiting most from increased safety requirements. |
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More often they invite regulation when they can get some gain for themselves. Its very common to pull in the state to enforce oligopolies because they would be stable for example, history of US railroads is basically that.
Government working against climate is basically bushiness competing to capture the rain of subsidies that will be flowing down the pipe. The businesses that are part of the status quo, work against this because they don't want their privileges and subsidies eroded.
Venture capitalist of course love climate subsidies because that means lots of startups and new tech. They don't make a dime on coal.