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If you tax gasoline to $1,000/gallon (and other emissions to the same price per CO2e) it doesn't matter if the money gets spent on carbon offsets or not, the de
by tfehring 5y ago
If you tax gasoline to $1,000/gallon (and other emissions to the same price per CO2e) it doesn't matter if the money gets spent on carbon offsets or not, the deterrent effect would dwarf the removal effect. Revenue-neutral tax+dividend programs like the one described in TFA seem far more politically viable than tax+spend alternatives.
- phire 5y agoThe problem with tax+dividend is that it makes net-zero near impossible to achieve. Not unless you tax absolutely everything which produces carbon, which would be highly damaging to the economy and therefore politically unpopular. And if we actually want to reverse some of the damage we have already caused, we need to go massively net-negative. I'm not a fan of tax+spend either, which is why I support a carbon market solution.
- abraae 5y agoWe need to go massively net-negative - agreed. But it doesn't follow that we need to e.g. reduce petrol consumption to zero. Squeezing out that last one or two percent is going to be much harder than just moving on and looking for gains elsewhere.