2 ms·
Okay, it seems obvious then that the taxes are not high enough given the outlined goal then.
by seiferteric 5y ago
Okay, it seems obvious then that the taxes are not high enough given the outlined goal then.
- Isinlor 5y agoEmissions Trading Scheme is actually a very clever tax that self adjusts. EU is putting a cap on the emissions and the allowed emissions are auctioned, so that companies must compete for smaller and smaller pool of allowances. If companies do not reduce emissions there is no limit to how high taxation can go, as the tax rate is market driven with limited supply of allowances. I think Shell may be simply in denial of the reality and/or may be hoping that political back channels will preserve status quo.