4 ms·
It's effectively a "cap and trade" program for flight miles. And cap and trade are, in the big picture functionally just taxes e.g. many opinions on carbon taxe
by ZeroGravitas 4y ago
It's effectively a "cap and trade" program for flight miles. And cap and trade are, in the big picture functionally just taxes e.g. many opinions on carbon taxes and GHG cap and trade are affectively fungible.
There's differences, but often not particularly big or fundamental ones e.g. you might say that individuals are getting the money for trading their miles, but it's easy to refund taxes to people as many carbon fee programs already do.
https://www.lse.ac.uk/granthaminstitute/explainers/which-is-better-carbon-tax-or-cap-and-trade/ https://www.lse.ac.uk/granthaminstitute/explainers/which-is-...