Markets vs. Mandates: Session 7: Keynote Session: “How Can Markets Capture the Social Benefits of Carbon Dioxide as Well as the Costs?” | Hoover Institution

Guest Speaker: Matt Ridley

Matt Ridley gave a presentation that challenged the conventional wisdom of carbon emissions, arguing that CO2 may provide more benefits than costs to the environment.

Ridley outlined several benefits, principally the global greening of land and the oceans. When there is more CO2 in the atmosphere, vegetation can rely less on scarce water supplies. More CO2 would also result in higher yields and longer growing seasons, meaning that more land can be used for nature reserves. He maintained that more CO2 also translates into warmer winters and, in turn, fewer people dying from cold temperatures.

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