Thomas L. Friedman has another excellent op-ed piece in today’s New York Times titled, The Price is Not Right, that asserts that the meltdown in our financial and climate systems are due to inadequate pricing that doesn’t reflect risk or cost to the environment. This deficiency is particularly glaring in the price of energy where markets make no accounting for the detrimental and potentially catastrophic outcomes that cheap hydrocarbons have on our atmosphere and climate. Read this piece here.
Pricing that Reflects Risk and Environmental Impact
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