4 ms·
Why would we ever do that? Remember that the untaxed price of coal isn't a real price for it. Without a tax the market does not take the externality of its env
by stevenleeg 10y ago
Why would we ever do that?
Remember that the untaxed price of coal isn't a real price for it. Without a tax the market does not take the externality of its environmental effect into an account.
Economically speaking, a high tax on coal/other fossil fuels is simply forcing the market to consider its full and actual price.
- noselasd 10y ago> Why would we ever do that? I don't know, but there is soon to be a new president who says he wants to support the coal industry.
- harmegido 10y agoI'm very confused by this conversation. What taxes are you guys talking about? They don't exist as far as I'm aware. I am aware of some subsidies, but not taxes on specifically carbon/coal/etc.
- drited 10y agoI'd guess he's talking about this: http://ec.europa.eu/clima/policies/ets_en http://ec.europa.eu/clima/policies/ets_en P.S. I agree about the comment regarding negative externalities not being accounted for unless something like this is in place.