The sharing economy holds tremendous environmental potential by making it easier for people to make more with less.
Concerns about the sustainability of Maine rockweed have an easy solution: property rights. If landowners also own these plants, they will be able to express their environmental values by conserving it and have an incentive to prevent overharvesting.
The Supreme Court’s vague definition of “property” undermines free-market environmentalism.
The environment’s greatest friend is technological innovation. Human ingenuity–what Julian Simon called “the ultimate resource”–has consistently enabled us to make more with less. Yet environmental laws too often throw up roadblocks to that progress, favoring the dirty status quo over a cleaner future.
Just as competition leads to innovation in the economy, and crony capitalism leads to sluggishness, competition among states is the driving force behind environmental policy innovation.
The Supreme Court is considering an important Takings Clause case on the government’s obligation to pay when it regulates away … More
If Congress can only protect its choices by broadly preempting states laws, it will. And, in the long run, states will have less room to protect the environment than they would if courts continued to enforce the balance. That would be a significant blow to both federalism and the environment.