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The 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
by phire 5y ago
The 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.