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U.N. Suggests Markets to Combat Global Environmental Degradation

Leonard Gilroy
March 30, 2005, 8:01am

If you were even halfway tuned in to the news cycle yesterday, you undoubtedly heard about the latest doom and gloom news on the state of the world's environment. Press coverage surrounding the release of the United Nations' Millenium Ecosystem Assessment Report (full report here) overwhelmingly focused on the more sensational aspects of the report (see here, here, and here, for example). We were told that humans are damaging the Earth at an unprecedented rate, with two thirds of the ecological systems that sustain life on the planet having been polluted or over-exploited over the last 50 years. We heard about the irreversible loss in biodiversity. And we heard that it's going to get worse unless we do something now. But once the sensational bad news was delivered, the media dropped the ball on what the report had to offer by way of possible remedies. And as Tim Worstall writes on Tech Central Station, one of the possible remedies discussed in the report was free market environmentalism: Do yourself a favor and read the whole thing.

Leonard Gilroy is Director of Government Reform


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