Earlier quoted context omitted.
If I may ask a second question: what do you think of emissions trading as a solution instead of bans on specific sources like leaded gasoline?
I have yet to understand how an emissions trading system is superior to a simple tax paid on all emissions. Trading schemes add a lot of unnecessary complexity and potential for abuse, and enshrine the idea that if you have polluted more in the past, you deserve to keep polluting more in the future. If your business model requires you to cost the society more in pollution than the value of your product, you should no…
I believe that's exactly why they are "preferred" by our political system. Whenever the political body starts to consider laws about pollution, the lobbyists for the polluters go into high-alert to influence the outcome. They don't want a straight tax, because that'll become a simple cost which is difficult to avoid. Instead they prefer a complex scheme that can be sold as if it has the same impact as the straight tax, but in reality it will provide ways to game the system to either avoid the costs or even make a profit for the polluting companies.