(Paul Krugman - The Net)

There are many obstacles to taking action on climate change. Most of those obstacles have deep roots: there are powerful interest groups that don't want market prices to reflect true costs, and there are ideologues -- financially supported by these interest groups -- who don't want to admit that sometimes the government has to intervene.

But there's also, it seems, growing opposition to cap-and-trade from people who should be on the side of progress -- but whose reaction is basically "Eek! Markets!Wall Street! Speculation! Bad!"

We don't need this.

So let me talk a bit about why this reaction is 99% wrong, and bad for the planet.
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