Pagan Trapistan wrote:Carbon tax is pointless. If they're doing something economically productive, and you want to go green, tax them normally and put it toward solar panels (or other technology). Don't punish productivity (carbon), just use said productivity to fuel progress and less-polluting technology (instead of badly made jets).
China was massively subsidizing solar panels long before talking about a minor carbon tax late 2017, and thats the sensible way to do it. They might have a ways to go environmentally, but they've been putting more into it than the U.S..
Shaping the market is nonsense. The market just goes to Indian telemarketets. You only want the market at all to ramp up development before going technosocialism.
Thats what China does. (Okay maybe not but I can dream)
Technically, no such thing as a "carbon tax" exists. It's not a government levy, it's not even a system of fines. The term, obviously, comes from what stuck from opponents of the scheme because taxes all sound mean and scary.
Carbon taxes specifically allow companies to
trade with each other for carbon
credits. Everyone starts at the nominal level and then low-polluting firms get to sell their excess credits to the exchange, allowing bigger polluters to buy those credits suitable to their needs and "allowing" them to emit that much.
Because the credits continually renew, bigger polluters have to keep shelling out for the 'right' to pollute. If they breach their carbon credits, then they get fined by the regulatory body.
They then choose to find means to reduce their pollution and footprint, so they have to spend less money in the exchange.
The money generated through the exchange can be used basically however the government wants it to, but in Australia iirc it was used to subsidise the energy bills of taxpayers and to part-fund measures allowing industries to reduce their footprint.