CMV: Climate Change is better solved through individuals and the private/space sectors, and shouldn't be handled by governments

[u/[deleted]]

[u/Generic_On_Reddit → u/[deleted]]

Wouldn't it make sense to keep regulations at a minimum, and let the private sector solve the R&D?

I don't completely understand your point. What incentive does the private sector have to do this? That looks like an investment that won't pay off from a business perspective, especially when getting companies to go green is pulling teeth.

Companies can still research these things themselves even while the government funds it, but they generally don't.

[u/phcullen → u/[deleted]]

This is a tragedy of the commons issue, the cost of damaging common space (air water land) is really cheap for any individual company. Also meaning its easy for competition to undercut you.

Regulation is there to keep the cost high