Re:Climate talks break up with no agreement on carbon trading
by belorn on Sunday December 15, 2019 @01:12PM
(#21797789)
Carbon trading works great as long as two things are true:
1) The total amount of emissions are set for all participants with the sum of all participants emissions being set based on current scientific data for stopping climate change.
2) No double counting. If you sell it off you can't also use it.
The climate talks failed on the carbon trading discussions because people would not agree to those.
While carbon tax is nice and possible a good method to combat climate change, it is not immune to those problems. Carbon tax also have an rather uneven impact, so I personally see it as a tool to be used in specific industries where the benefit costs analysis show the intended incentives without causing unintended side effects such urbanization.
1) The total amount of emissions are set for all participants with the sum of all participants emissions being set based on current scientific data for stopping climate change.
2) No double counting. If you sell it off you can't also use it.
The climate talks failed on the carbon trading discussions because people would not agree to those.
While carbon tax is nice and possible a good method to combat climate change, it is not immune to those problems. Carbon tax also have an rather uneven impact, so I personally see it as a tool to be used in specific industries where the benefit costs analysis show the intended incentives without causing unintended side effects such urbanization.