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That's why high-carbon sources like coal and oil should be subject to carbon taxes: to price in externalities.
by api 2y ago
That's why high-carbon sources like coal and oil should be subject to carbon taxes: to price in externalities.
- Litost 2y agoNot a carbon tax as such, but the supreme court in the UK recently ruled in favour of an activist lead challenge to stop Surrey County Council from ignoring the environmental cost, when granting permission to dig four new oil wells, in what is seen as a landmark case. Emissions from burning the fuel had been ignored but will now need to be taken into account. https://www.theguardian.com/commentisfree/article/2024/jun/21/win-future-oil-gas-uk-surrey-fossil-fuel https://www.theguardian.com/commentisfree/article/2024/jun/2...
- fulafel 2y agoWe're too late for this to be the main model, we need to ramp down fossils usage way faster than can have carbon taxes happen in most of the world. (Eg when would USA realistically stop/decimate oil and gas production?)
- crowcroft 2y agoI 100% agree. A carbon tax is a purely capitalist thing to do, and by not having one you incentivize bad outcomes.