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    Greenhouse gases and market valuation for energy

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    This is a natural resource economics question so please consider the environment in your response. I need four or five sentences that addresses the following. I want to disagree with the position because the market externalities aren't addressed.

    "The government should not be in the business of promoting renewable power, but should simply set a reasonable price on greenhouse gases and let the market determine the "correct" energy mix". Do you agree with this position? Why or why not?

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    https://brainmass.com/economics/technology/greenhouse-gases-market-valuation-energy-475034

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    I disagree with the idea that the government should not be in the business of promoting renewable power. Merely setting a price on greenhouse gases and letting the market move to an energy equilibrium, while a step in the right direction, is a very near-sighted approach. This policy would move us a little toward renewable energy sources, but would not do enough. A small move toward renewable ...

    Solution Summary

    The expert examines Greenhouse gases and market valuation for energy.

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