Ramping up is the only way to do a carbon tax. Also because it would encourage a - bigger increase in R&D and - bigger reduction in long term projects that em

Ramping up is the only way to do a carbon tax. Also because it would encourage a - bigger increase in R&D and - bigger reduction in long term projects that emit carbon Decisions are made on a decades long timeframe. An immediate high tax would penalize old decisions, a gradual tax does more to shape new decisions