this post was submitted on 07 Dec 2023
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I'm probably missing something here but doesn't putting a price on carbon just introduce a cost that will be passed onto the consumer and allow unscrupulous companies to avoid decarbonisation by just paying credits? And while we're on the subject won't credits just become another traded commodity that will become sought after and then people will demand more of them because their value would inflate another bubble?
Yes, yes it does. The government makes your coal powered power plant pay more taxes. They in turn raise your power bill to pay said taxes. No lesson learned. No incentive for change. After all, what is in place to stop that from happening? Nothing.