If you just talked about setting emissions caps without associated policies, everybody would clamor for getting increased efficiency of markets and trading included. (robertstavinsblog.org)
There is a third way that achieves the best efficiencies of market allocation of resources without the corruption that the Yeltsin - Chubais regime has imposed on behalf of Russia's foreign adversaries. (michael-hudson.com)
Preston (1991), who values the economic efficiency of the market, nevertheless acknowledges that left to itself the market leads to great inequalities of wealth and is unable to cope with environmental degradation such as is caused by industrial pollution. (religion-online.org)