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Carbon tax (as well as the caps, subsidies, tradable credits and such that form parts of the plan) are more complicated, I think. Riskier too. Also, the econom
by dalbasal 9y ago
Carbon tax (as well as the caps, subsidies, tradable credits and such that form parts of the plan) are more complicated, I think. Riskier too.
Also, the economic reasoning is (IMO) flawed because in the absence of a viable alternative, we know fuel consumption decreases very, very little with increased costs (that affect poorer people more). If a viable alternative exists, we know that bans work well (e.g. CFCs) and leave less room for policy corruption. The key is viable alternatives. Without them, either policy will probably fail.