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It's a complicated issue, to be sure. Speaking generally, you might be correct, though I think taxes and regulation should be the last resort. For carbon-free e
by joshuaheard 10y ago
It's a complicated issue, to be sure. Speaking generally, you might be correct, though I think taxes and regulation should be the last resort. For carbon-free energy production, I think there are many free market possibilities on the horizon: safe nuclear fission, nuclear fusion, fuel cells, battery technology, wind power, solar power, or some combination of them.
- ant6n 10y agoBut all that 'regulation' like carbon taxes do is internalize the cost of fossil fuels and adjust the different costs in the market. The 'free' market is changed like this all over the place - for example via import tariffs that change the market place to favor local production. Regulation is really the first resort. The last resort is things like out-right banning the use of fossil fuels or nationalizing the energy industry.