Re:G7 nations committing billions more to fossil fuel than g...
by EcoMonkey on Wednesday June 02, 2021 @11:19AM
(#27369710)
This is a primary reason that we need a carbon tax. Building out renewables and stopping there will just make energy cheaper and induce demand. A carbon tax will actually change the energy mix by making carbon-intensive energy sources more expensive relative to less carbon-intensive sources.
Speaking of visual reality checks, check out En-ROADS, which was built in collaboration with MIT to simulate different policy interventions. Check out the carbon price slider compared to everything else: https://en-roads.climateinteractive.org/scenario.html?v=2.7....
My favorite thing to do with the money from a carbon tax is to just give it back to everyone as equal dividends, to offset any regressive effects of the carbon tax without creating tons of loopholes with another more complex disbursement scheme. This is called carbon fee and dividend.
Speaking of visual reality checks, check out En-ROADS, which was built in collaboration with MIT to simulate different policy interventions. Check out the carbon price slider compared to everything else: https://en-roads.climateinteractive.org/scenario.html?v=2.7....
My favorite thing to do with the money from a carbon tax is to just give it back to everyone as equal dividends, to offset any regressive effects of the carbon tax without creating tons of loopholes with another more complex disbursement scheme. This is called carbon fee and dividend.
The IPCC finds with high confidence that we need a high price on carbon to stay under 1.5C. PDF warning: https://www.ipcc.ch/site/assets/uploads/sites/2/2019/02/SR15...
A policy framework without a carbon tax is not serious about getting emissions down.