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I think it's almost painfully simple as a policy wonk question, really. Taxes. The wealthy industrialized nations of the world must come together, hammer out
by retrac 5y ago
I think it's almost painfully simple as a policy wonk question, really. Taxes. The wealthy industrialized nations of the world must come together, hammer out a framework for cooperation, and set a price for carbon pollution that will be phased in, both internally within their economies, and most importantly, as trade tariffs that incentivize the developing industrial economies where so much of the carbon pollution our standard of living is responsible for actually is produced.
I'm not sure on the ideal timeline but the taxes should start moderate and then gradually but steadily and painfully increase over a period of some time -- several decades, probably, until such point that energy derived from carbon-neutral sources is cheaper than energy derived from fossil fuels.
Throw the revenue generated at a mix of poverty relief to offset the humanitarian consequences of the above policy (which would be enormous without careful handling), subsidize clean energy developments, and whatever else comes to mind to offset the negatives or assist the process.
Doing this slowly and predictably is less of a shock treatment, and I do think this is an area where the market may well weave its "magic" given the appropriate incentives.
- rogerkirkness 5y agoI agree with this, although I'd lean more revenue neutral increase in externalizations of carbon consumption and reducing some other revenue source proportionately to avoid economic shocks.
- AnimalMuppet 5y agoSeveral decades is too long, if you believe the current projections. Too much damage will have been done. I would guess that the taxes need to phase in within a decade. Add a search for the best ways to remove existing CO2 from the air, and something to do with the CO2 we recover, and... are we done yet?
- giantg2 5y ago"I would guess that the taxes need to phase in within a decade." Isn't 15 years the best case scenario? Implementing the tax 10 years from now likely wouldn't produce the results quickly enough. And without technologies fully able to replace existing ones it would just mean more expense stuff with the same emissions (I'm thinking of concrete specifically).