July 30, 2016

CUE PIGOU MIC DROP:

Ask 7 Cents a Plastic Bag and 90% of English Say 'No Thanks' (Jess_Shankleman, July 29, 2016, Bloomberg)

Requiring U.K. consumers to pay 5 pence (7 U.S. cents) for a plastic shopping bag yielded almost a 90 percent drop in their use.

Charging people for choosing a plastic bag may be good news for the planet's seas. Around eight million tons of plastic makes its way into oceans each year globally, which is ingested by 31 species of marine mammals and more than 100 species of sea birds, the Department for Environment, Food and Rural Affairs said in a statement on Saturday.

Such Neoconomics explains why it's so easy to do things like reduce health care spending and oil use.

Posted by at July 30, 2016 8:44 AM

  

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