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You seem to be assuming that ‘financial incentives’ means subsidies or tax credits, but the financial incentives could be carbon taxes or other penalties instea
by nickff 5y ago
You seem to be assuming that ‘financial incentives’ means subsidies or tax credits, but the financial incentives could be carbon taxes or other penalties instead.
- qqqwerty 5y agoit is too late for carbon taxes. Those might have worked 10 to 20 years ago. Carbon taxes could have allowed for a gradual shift away from fossil fuels, but we have about 10 years to cut our emissions by half. Considering most capital equipment (vehicles, power plants, etc...) have a 20-30 operating life a gradual transition is no longer feasible. Measures like banning sales of new gas powered vehicles, and mandating that all new power production equipment be carbon neutral are now table stakes for anyone that is serious about meeting targets.