Economic activity nearly always has negative externalities. Our economic model is based on ever growing economic activity, and coupled with population growth this produces ever mounting externalities. We treat these externalities separately, as individual problems to solve, first clean air, then clean water, then fixing the ozone hole, now fighting global warming. Every time that we “solve” these problems we cause new externalities to pop up. Even if we “solve” climate change, something else will pop up. Perhaps the impact of chemicals on biological reproduction? That is building up steam and would be even bigger to tackle than climate change.
The classic environmentalist solution is to live a smaller life, with fewer things. That is a hard sell and runs counter to innate human instinct to gather resources. On the other hand, economic policy can’t seem to move past fighting symptoms, and does its very best to pretend the growth model isn’t the root cause of all environmental problems. Does anyone have a handle on a real and pragmatic solution I wonder?