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Any economist worth their salt will advocate for putting a price on carbon emissions (like cap and trade), and letting the market work it out. If you’re concer
by yojo 3y ago
Any economist worth their salt will advocate for putting a price on carbon emissions (like cap and trade), and letting the market work it out.
If you’re concerned about regressive impacts (e.g. the price of gas increasing), you add a tax and pay it out as subsidies to the poor.
It’s not hard or complicated, there’s just no political will, so instead we end up with super inefficient subsidies for specific industries and technologies that might or might not allow us to hit the emissions goals we need to avoid cooking ourselves.
- Blackthorn 3y ago> It’s not hard or complicated, there’s just no political will Or in other words: "it's not hard or complicated, except for the part where it's both hard and complicated".
- imtringued 3y agoThe coalition in Germany contractually agreed to a CO2 dividend and it is being delayed as much as possible.