In Ch. 1 of Nordhaus’ book Climate Casino, he states "Economics points to one inconvenient truth about climate-change policy: For any policy to be effective, it must raise the market price of CO2 and other greenhouse gas emissions." (p.6). Do prices affect people’s behavior toward the environment? Consider people’s responses to very high gasoline prices. Do high gasoline prices reduce the environmental effects of using gasoline? In addition to gasoline prices, find an example of how prices might affect people’s behavior toward the environment.
