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> The actual cost has to price in the impact of using it. Is there real evidence the collected tax revenue is actually offsetting carbon emissions? There's a
by Alupis 9mo ago
> The actual cost has to price in the impact of using it.
Is there real evidence the collected tax revenue is actually offsetting carbon emissions?
There's a lot of fraud in carbon credit systems - where often the sole benefit is feeling and/or looking good.
Is this self-imposed tax actually having a real result - or is it just artificially increasing the price of energy? If the latter, then it's not really fair to claim it's the actual cost.
- jakewins 9mo ago.. you are commenting on an article about how non-carbon-emitting energy options are beating out polluting alternatives, aided by exactly these taxes, so obviously yes, they are working exactly as intended: price signals for the market to get carbon out of the energy system The purpose of the tax is not to raise money to plant trees, it’s to raise the cost of emissions so that markets move away from them
- Alupis 9mo agoTFA's claim is offshore wind prices are 40% cheaper than gas. The parent comment stated "actual cost has to price in the impact of using it". Most people would agree on this. However, for both claims to be true, the collected tax revenue must be spent offsetting the impact of that gas usage - not simply reducing gas usage (ie. that consumed gas isn't being compensated for). If the UK government is spending that tax revenue on anything it wants, then it's not the actual cost, is it?
- deleted 9mo ago[deleted]
- jakewins 9mo agoSorry I don’t follow. Why would the taxes need to be spent offsetting anything? The carbon reduction already happened, because the taxes made this auction choose lower emission alternatives. If you then also spend the taxes on some form of offsets (if we pretend for the sake of argument that those work) you would have reduced emissions twice. One time seems plenty to say they are doing their job.
- b3orn 9mo agoCarbon tax is not about offsetting emissions, it's about disincentivising fossil fuels.
- krferriter 9mo agoIt is about disincentivizing fossil fuels because there are negative externalities which are not priced-in absent the carbon tax.
- deleted 9mo ago[deleted]