A business throws out pollution but doesn’t have to account for it or pay for it.
Making what the planet needs profitable for individual businesses has worked when we’ve tried it. It’s worked on fish where we’ve given fishermen an incentive to be stewards of the fishery. Suddenly they become advocates for a lower catch limits. If they have a share in that catch in the future they become advocates for strict enforcement even for marine-protected areas around the spawning grounds of fish.
The Environmental Defense Fund developed a market-based proposal to reduce the omissions of sulfur dioxide, the cause of acid rain.
The first President Bush had promised the American people in his campaign to be elected that he would solve the acid rain problem. And so when he got in to office I was invited to the White House by his counsel C. Boyden Gray and we talked about many subjects. But one thing that the Environmental Defense Fund was encouraged to work on was be a market-based proposal to reduce the omissions of sulfur dioxide, the cause of acid rain. Here’s how it worked.
Through policy we can make capitalism work for the things that we need to survive as people on this fragile planet that we share.
What the planet needs is profitable for individual businesses. This way of thinking has been tried and it has worked. It has worked for fish, where we’ve given fishermen an incentive to be stewards of the fishery. Suddenly they become advocates for lower catch limits. If they have a share in that catch, in the future they become advocates for strict enforcement even for marine-protected areas around the spawning grounds of fish.
Will the natural gas boom revitalize the U.S. economy and provide us energy for 100 years? Fred Krupp, President of the Environmental Defense Fund, weighs in.
In his 26 years as head of Environmental Defense Fund, Fred Krupp has overseen the growth of EDF from a small nonprofit with budget of $3 million into a recognized worldwide leader in the environmental movement. Under his direction, EDF’s full-time staff has increased from 50 to 350, membership has expanded from 40,000 to more than 500,000 and new offices have opened in Raleigh, Austin, Boston, Sacramento and Beijing, China.
Fred is widely recognized as the foremost champion of harnessing market forces for environmental ends, such as the market-based acid rain reduction plan in the 1990 Clean Air Act that The Economist hailed as “the greatest green success story of the past decade.” Today, this approach has become the leading model for solving the problem of global warming.
Fred broke new ground by engaging American companies to lessen their impact on the environment. Strategic partnerships with McDonald’s, FedEx, and DuPont, among others, have resulted in the elimination of millions of pounds of waste, the adoption of hybrid delivery vehicles, and an accord to reduce the environmental risks of nanotechnology.