GM and Fiat Chrysler Unmasked as Tesla’s Source of Cash

Re:GM and Fiat Chrysler Unmasked as Tesla’s Source of Cash by bunderbunder on Tuesday June 04, 2019 @07:38AM (#20093965)

And possibly an illustration for the public of how the system was intended to work.

I'm not sure everyone quite understands that one big difference between a cap-and-trade type system and a simple excise tax is that an excise tax puts constant downward pressure on pollution, while the cap-and-trade type system only encourages the industry to reduce their externalities to whatever level the government picked as a target.

[ Parent | on HN ]

Re:GM and Fiat Chrysler Unmasked as Tesla’s Source of Cash by gmac on Tuesday June 04, 2019 @08:21AM (#20094251)

But if the government picked a tax rate, they'd likely do it with a forecast in mind of what externality would remain, so it only makes a difference in as far as there's uncertainty, and then only until the next round of permit quantities is picked.

[ Parent | on HN ]