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If there’s a negative externality to the fuel it should be priced-in, which is really all carbon tax is intended to do. You can still use gas but you have to pa
by DoughnutHole 3y ago
If there’s a negative externality to the fuel it should be priced-in, which is really all carbon tax is intended to do. You can still use gas but you have to pay for the environmental cost upfront. The carbon footprint of electricity usage would be taxed as well, but if it’s overall more efficient it would have a lower carbon tax.
Even electrical resistance heating is more carbon efficient than burning gas at home. This doesn’t even require a high-renewable grid - it produces less CO2 burning gas for electricity to run an electric stove than it does burning gas at home due to the efficiency of a modern gas power plant and the dreadful waste heat of a gas burner.