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To that point, if it is indeed true that fossil fuels are heating the planet (most likely), it would be nearly impossible to "tax" (i.e. collect the real extern
by jqm 11y ago
To that point, if it is indeed true that fossil fuels are heating the planet (most likely), it would be nearly impossible to "tax" (i.e. collect the real external costs of the activity) enough.
What is the number you put on rising sea levels and altered weather patterns?
- the_why_of_y 11y agoSome IMF economists' best guess is USD 5.3tn per year. http://www.theguardian.com/environment/2015/may/18/fossil-fuel-companies-getting-10m-a-minute-in-subsidies-says-imf http://www.theguardian.com/environment/2015/may/18/fossil-fu...
- lukeschlather 11y agoEconomics is not zero-sum, so the nice thing is that if you change behavior the tax can avoid more damage than the cost of the tax. In the best case the tax is simply not collected and no damage occurs from the pollution.