It wasn't just science that got Eli Lehrer to accept the reality of climate change. It was insurance markets. As a free-market expert on insurance policy, Lehrer realized many years ago where the industry models were headed.
"Every modeling firm used by the insurance industry acknowledged climate change is real. If markets have the ability to aggregate information, then either markets don't work or climate change is real. My judgment is that markets work and therefore climate change is real," says Lehrer.
In 2012, Lehrer founded the R Street Institute, a think tank devoted to spreading free market principles. In recent years, he's become a libertarian thought leader on environmental protection, carbon pricing and, most recently, the distributed energy transition. In this episode, the gang talks with Lehrer about how to make these issues more palatable to the political right.
In our second segment, we'll talk about a new consumer poll on rate design and subsidies for solar. We'll end the show with a look at United Airlines' big biofuels announcement.