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Equivalent In Your Dreams

Started by Will Wilkinson · 9 months ago

I understand the theoretical argument for the equivalence of cap and trade and the carbon tax in conditions of full information and perfect compliance, but I think it’s sort of crazy to think they’re equivalent in any meaningful empirical way. Tyler Cowen helpfully explains ... Continue reading »

2 comments

  • Kevin Cox

    1 year ago

    The issue with both cap and trade and carbon taxes is not the collecting of the money but the spending of the money. We want the extra money collected spent on reducing greenhouse emissions but we do not trust governments or businesses to do this. The best way is give the money collected back to the general population and require them to spend the money given back in the market place of infrastructure to reduce greenhouse gases. That is, I get back the extra money but I must spend it on windmills, solar panels, geothermal plants, stopping cows emitting gas, insulation etc. This is remarkably easy to do and enforce. See rewards.edentiti.com on ways to do it.
    reply
  • Merle H

    9 months ago

    Interesting perspective. A carbon tax does seem like a logical step....
    reply

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