NEW YORK – Everything from seat belts and condoms to health care and bank bailouts invites riskier behavior, or what economists call “moral hazard.”
Even the most justified and well-meaning policy interventions can have unintended — and undesired — consequences. In the 1960s and 1970s, many environmentalists to nuclear power because its promise of cheap, limitless energy ran counter to their own push for .
The debate continues today. Which climate technologies deserve our support and which are distractions that could lull us into complacency with the false promise of a silver bullet? The list of climate “solutions” is constantly expanding and now includes everything from to , from to to , and — of course — and .
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