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I think a tax should be added to discourage the behavior and the money put toward cleanup (CO2 reduction) in order to remove the risk of further damages. I don
by state_less 5y ago
I think a tax should be added to discourage the behavior and the money put toward cleanup (CO2 reduction) in order to remove the risk of further damages. I don’t think much of the clean tech spending is speculative at this point.
I’m not as worried about us getting it wrong because I think we are already well wide of the mark and have plenty of opportunities for improvement. We’ve continued down the cheap and easy route of fossil fuel extraction and haven’t been looking to make the seemingly more painful choices. It’s not too hard to imagine how we could ween off a good quantity of fossil fuels.
One could justify the spent tax money with high expected CO2 reduction choices. This would, in my view, gets us to a better outcome faster.
Here’s my opinion on a some of the consumer side products that can help today. The tax money could go towards credits for purchase of products like 30-50% off EV, solar, battery, insulation purchases. Government side decisions like replacing coal plants are also high expected CO2 removal projects.
We might ramp up more speculative tech based on the needs (e.g. carbon capture and power to gas).
Hope that helps explain where I’m coming from. With any luck we have more margin for error, though I’m not wanting to count on it.