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Taxation may help in reducing the attractiveness of carbon fuels, but essentially we need to stop carbon atoms getting into the atmosphere (as CO2). It doesn't
by somewhereoutth 4y ago
Taxation may help in reducing the attractiveness of carbon fuels, but essentially we need to stop carbon atoms getting into the atmosphere (as CO2). It doesn't matter how much tax is collected, there is not (currently) much that can be done about the CO2 released.
Simplest solution is to leave it in the ground. Just reduce the amount of oil/coal/gas dug up and burnt - we (or the corporations) know exactly how much is being dug up, so stop the digging.
- WalterBright 4y agoIncreasing the cost of burning carbon will, in a market economy, drive less use of burning carbon without need of regulation, bans, mandates, etc.