It's not my problem... Or is it?
Renewable energy has become a topic of great debate in recent years. On the surface, it appears to be the answer to the arising problem of resource depletion, pollution, and climate change. Beneath the surface, both literally and figuratively, externalities lurk. In the Pacific Northwest, the Chinook Salmon holds a high spot on the ecological totem pole. The salmon proves to be a keystone species, supporting the bears, birds, and other wildlife in the region, as well as a valuable food source for tribes in the area. For example, the Spokane Tribe of Washington, which has inhabited Washington for many centuries, relies heavily on salmon as a primary food source. Without it, there are threats of starvation. While this may not effect you or I directly, millions of lives are changed drastically, even, and especially, those who don’t benefit from the hydroelectric power itself. A Pigouvian tax is an excellent solution to some problems, but not to others. You can’t pay a bird to ...