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Cap and trade was effective in ending the emissions of ozone depleting gasses in the 1980s and it's kind of cool to see legacy automakers buying carbon credits
by breakyerself 6y ago
Cap and trade was effective in ending the emissions of ozone depleting gasses in the 1980s and it's kind of cool to see legacy automakers buying carbon credits from Tesla effectively subsidizing their own replacement, but I really think putting a price on carbon helps to reduce the difficulty of having to worry about who is administrating the carbon market. It's much simpler and harder to game the system if governments just put a tax on fossil fuels at their source. Then the regular markets will decarbonize without the need for administration of a complex regulatory scheme.