>Why do we need to tax the industry and raise rates on consumers when coal usage is falling and renewables are on the rise without it? The cost to the consumer

>Why do we need to tax the industry and raise rates on consumers when coal usage is falling and renewables are on the rise without it? The cost to the consumer is higher with uncertainty. Uncertainty means lower overall investment and therefore a higher cost of electricity. Investors face risk on both sides: if they invest in renewables, they might lose money to coal. If they invest in coal, they might lose money to renewables. That causes them to invest in other industries and opportunities. A tax gives a quantifiable return and makes the industry as a whole a better investment. Pigovian tax is best tax