3 ms·
or at least require the cost of putting carbon back into the ground to be factor price. The problem is when you slow gdp it's the most marginalized that are hi
by sharemywin 5y ago
or at least require the cost of putting carbon back into the ground to be factor price.
The problem is when you slow gdp it's the most marginalized that are hit the hardest.
So, the CEO only makes 10M instead of 50M(or whatever number) but what about the poor farmer that was making just enough to run his tractor to get by and feed his family.
- JulianMorrison 5y agoCarbon externality pricing is another attempt at market intervention that faceplants in practise. It doesn't get properly implemented, because it's politically unpopular, it gets fudged with highly speculative green-washing "offsets" that amount to planting a few trees and then counting your forests before they're grown (the trees subsequently die of neglect), and the costs get passed on to the little guy. The correct approach is to outright ban gasoline. There are cases where no alternative exists right now, such as flight. Those uses should be restricted away from casual use. Yes, this means no flying on holiday, until they get hydrogen airplanes up and running.
- allemagne 5y agoCarbon pricing can't work because it's politically unpopular so the solution is to ban gasoline. Come on now.
- JulianMorrison 5y agoYou'd be surprised, but an all-in solution can be easier to sell than a mealy mouthed half-solution.