4 ms·
If you tax extraction sufficiently, you can make it prohibitively expensive (regardless of technological improvements) to extract carbon-intensive fuels. Take
by dangerlibrary 4y ago
If you tax extraction sufficiently, you can make it prohibitively expensive (regardless of technological improvements) to extract carbon-intensive fuels.
Take it to the extreme to verify this effect - a $1000/barrel tax on extracted oil is effectively a ban.