Re:I liked the idea of carbon offsets until I tried to expla...
by denton-scratch on Monday April 11, 2022 @01:02PM
(#30991714)
I'm not sure why Cochrane's so obsessed with using taxation (oh - he's an economist. OK.)
Most fossil-fuel burning is going on in power plants. By diverting power generation to renewables, you remove the demand; fossil fuel prices fall, prospecting falls, extraction falls.
Yes, I know, there's flight, shipping and personal transportation. But power generation is most of it. And I'd just like to see less flight, shipping and personal transportation.
Most fossil-fuel burning is going on in power plants. By diverting power generation to renewables, you remove the demand; fossil fuel prices fall, prospecting falls, extraction falls.
Yes, I know, there's flight, shipping and personal transportation. But power generation is most of it. And I'd just like to see less flight, shipping and personal transportation.