Alan Lowenthal actually said...

For years, the world's top economists have been saying that in not accounting for climate change, we have created a market failure.

With each ton of carbon emitted, we are deciding now between the well-being of current and the well-being of future generations.

The social cost of carbon (SCC) puts the effects of those greenhouse gas emissions into a monetary context.

Polluting industries are pumping out greenhouse gases free of charge, but others, such as taxpayers, property owners, and also healthcare sy...