Financial Times Praises Higher Pollution Costs

“If there is one price we should want to see rise, it is that of a permit to pollute”. So says the Financial Times, among the world’s leading business publications. The price they are referring to is the cost of emitting a ton of carbon into the air as defined by the EU carbon trading market – the price has been rising due to a number of factors explained in the article. Ultimately, this price rise is likely to result in less pollution in general. It’s great to see the FT taking pollution seriously, but also great to see that a market-based system for reducing it that works efficiently and keeps business happy.