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Carbon tax isn't sufficient either. It would lower the demand in one country, but the same fossil fuels could be shipped to another country and burned there. Un
by Houshalter 11y ago
Carbon tax isn't sufficient either. It would lower the demand in one country, but the same fossil fuels could be shipped to another country and burned there. Until the demand for fossil fuels decreases below the cost it takes to extract them from the ground. That cost is low, and could get lower with improving technology.
Instead there should be a tax on taking carbon out of the ground or importing it into the country. A tax so high that it becomes economically unviable to do it. Anything else is political games.
- Brakenshire 11y ago> Instead there should be a tax on taking carbon out of the ground or importing it into the country. Doesn't that have the same problem? Anything energy intensive just shifts outside of the borders of that country where the tax is enforced. IMO, carbons taxes need to be built into the trade deals. You need to say "we're creating a level playing field between our countries, but we do that on the basis that we are both going to do our bit to solve common problems". The major reason tackling climate change is difficult is because it is a tragedy of the commons.