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To add to the complexity - for certain things region and location matters. There are lots of good places with plenty of water to grow cotton. There are lots of
by legitster 2y ago
To add to the complexity - for certain things region and location matters. There are lots of good places with plenty of water to grow cotton. There are lots of bad places to put solar panels.
Taxes and prices are the tools we are supposed to be using to deal with tradeoffs. Blanket bans or regulations generate lots of externalities. Where water is scarce it needs to be expensive. We need to tax carbon, not just subsidize batteries.
- ericd 2y ago> We need to tax carbon, not just subsidize batteries. Yeah, subsidies are incredibly clumsy/distorting compared to just taxing the problem directly. I hold out hope that we'll someday see a uniform carbon tax, but as my wife likes to say, American politicians like carrots a lot more than they like sticks.
- bdcravens 2y agoPlaces like Texas tend to equal out the taxes. For example, I have to pay an additional $200 fee on my registration to account for the fact that my EV doesn't contribute to gasoline taxes. I assume they'd do the same to any carbon taxes.