How Free Markets Will Beat Climate Change

"My unsexy bumper sticker for adapting to climate change," says UCLA Professor of Economics, the Environment, and Public Affairs Matthew Kahn, "is 'Give free markets a chance!'"

Kahn, the author of Climatopolis: How Our Cities Will Thrive in the Hotter Future, argues that "well-meaning government actions" designed to combat the effects of global warming need to be scrutinized more than they have been. Despite the hostility to markets and economic development shared by many green activists, Kahn says that "free-market capitalism" provides the most flexible - and most progressive - solution to environmental issues. Climate change is coming, he avers, and raising the urban poor's standard of living and generating new technological innovations will do far more to improve things than top-down attempts to control energy use and consumption patterns.

About 7 minutes. Produced by Sharif Matar.

Subscribe to Reason's YouTube page to get automatic notifications when new material goes live.