Read here. One of the great benefits of a free market and consumer choice is the economic incentive it provides innovators. As a result, our capitalistic-based society continues to be a cornucopia of better technology that is more efficient and better for the environment.
The iPhone has become a classic example of innovation that reveals capitalism to be the best engine for improving sustainability objectives.
Simply put, those green activists, the United Nations' apparatchiks, big government politicos and all the world's bureaucrats in combination have done far less for environmental quality than what the free market of choices and innovation have done.
And as we discussed in a previous article, the U.S. leads the world in reducing CO2 emissions, and did so without the burden of the stifiling and corruption-tainted 'stinking' CO2/carbon regulations that the EU has failed miserably with and Australia is now embracing.
Look again at the adjacent image, closely. Now, ask yourself: "which EU bureaucrat or Australian regulator produced the iPhone?" Oh....that's right....the bureucrats were busy working on their own hot innovation....you know, those marvelous innovations that always are heavily subsidized by the low income taxpayers to help the wealthy taxpayers buy.
Enjoy your new carbon tax, Australia!