That is why the next wave of environmental policymaking will need to employ commonsense tools such as cost-benefit analysis, and make greater use of flexible, market-based instruments such as emissions-trading, rather than the tired command-and-control approach favoured by most greens.

ECONOMIST: Energy and the environment

We're in a market-based economy, where we're looking at fair-value accounting and marking instruments, to the markets.

CNN: Recession-o-meter swings to slowdown