Re:Observation-based early-warning signals for a collapse of...
by jjk166 on Thursday August 05, 2021 @05:56PM
(#28080494)
Energy and heat are very easy targets to replace with low emission energy sources, indeed far easier than transportation which is one of the few places where fossil fuels make sense because of their high energy density.
China has a higher percentage of its energy coming from low emission sources than the US and single handedly accounts for 45% of worldwide annual investment in renewables, 3 times that of the US.
Carbon taxes are not sin taxes meant to disincentivize carbon production, they are a means to pay for carbon capture. If you can't afford to store the carbon released from burning a ton of coal, you can't afford to burn that ton of coal. Of course any new tax is going to meet friction, but what is will if not the ability to overcome friction when necessary?
China has a higher percentage of its energy coming from low emission sources than the US and single handedly accounts for 45% of worldwide annual investment in renewables, 3 times that of the US.
Carbon taxes are not sin taxes meant to disincentivize carbon production, they are a means to pay for carbon capture. If you can't afford to store the carbon released from burning a ton of coal, you can't afford to burn that ton of coal. Of course any new tax is going to meet friction, but what is will if not the ability to overcome friction when necessary?