Empirically, most politicians don't support carbon taxes. Market-consistent pricing of climate-related externalities is broadly opposed by politicians on both sides of the aisle in the US. For example, look at the massive subsidies to dairy farms in my home state of Wisconsin - they get over 40% of their revenue from direct subsidies in a typical year, and if you exclude those subsidies the industry hasn't made a profit for at least several decades, but no one dares to even suggest reducing or eliminating them, let alone going the other way and taxing the negative externalities they create.
In the US, the vast majority are unwilling to do pretty much anything to fight climate change. ~70% oppose a $0.25/gallon gasoline tax; note that a true Pigouvian tax would be something like 20x higher than that based on the current cost of carbon removal. https://noahpinion.substack.com/p/climate-optimism-of-the-wi...
The poll cited in the article I linked explicitly mentioned that the revenue would be used for policies to support greenhouse gas reduction. I'm skeptical that the respondents cared that much about how the money would get spent, since the vast majority did support policies that would tax the wealthy and/or companies that produce greenhouse gas emissions - the only difference is where they perceive the money to be coming from, not how it would be spent.
Is that what the common price sensitive citizen cares about?
>Given that, I don't think it's that crazy to expect those same young people to pay for the negative externalities their own activities create instead of just paying it forward.
You don't think young people are capable of being hypocrites? Statistics such as low savings is proof that long term planning isn't deeply embedded.
Survey data is notoriously unreliable, on a if the rich subsidizes itself it would be circular wealth, but coming from them means that they are adversely affected. Policies and their actual effect are also not the same, would they not care when government trust is low and its possible to use the money to subsidize large companies that use a green label to play metric? I know the idea of carbon neutral is simply ofsetting carbon negatives to other companies, transportation is a huge contributor and globalized companies play with numbers to call themselves carbon neutral. https://www.dezeen.com/2021/07/30/carbon-neutrality-google-s...
BTW thanks for showing me that substack, I subscribed, hope is sorely needed today.
Another problem. Say a given crop might do better with increased CO2 given all other factors remain unchanged. But that boost of CO2 from 300 ppm to 420 ppm also came with changes to the environment, so all other factors are not unchanged. OK, CO2 levels have gone up 35%, but if the likelihood of experiencing a rain-free period of more than 30 days in that region has doubled, having more CO2 isn't worth the cost.
*I made up the claim as an illustrative example. I'm sure there are myriad co-factors that come with the increase in CO2.
Localized effects are easier to calculate, but there are many factor. For example soybeans grow better under less sunlight, so the effect of a darker sky is higher yields. You are correct that is isn't a single effect its very dynamic and has many effects.
This all (I mean basically every "progressive" restriction) just seems like a way to increase inequality and make sure the poor always stay very poor and the wealthy can do whatever they want.
I can drive my Posche plug-in hybrid in the carpool lane while the chump his old Corolla has to sit in traffic. Does that really do anything but increase inequality. (I dont really have Porsche, I can't imagine a more ridiculous choice, but I'm surrounded with people that do)
It goes back to one of my pet peeves that it is increasingly hard to find the kind of light bulbs I prefer, despite the fact that the electric supply to my home is powered by 100% renewable energy generated on site. I don't like that it was collateral damage of a grossly approximate attempt to lower residential fossil-generated energy consumption.
Ideally it would be a thermal budget rather than carbon.
And that kind of budget is just called a "budget". The resistance of a certain type of activist to using prices to allocate scarcity is going to doom us all if these activists end up setting policy. Prices force people to be honest about what's important and to make tiny trade-offs every day between disparate things. Ad-hoc bans are vulnerable to all sorts of political forces that all amount to people signaling false things about their preferences. Money doesn't have this problem.
There's a reason that there's this common phrase "put your money where your mouth is".
Have you looked at metal halide lights? They require specialized ballasts, so they aren't exactly a drop-in replacement for a standard bulb. The light quality is said to be pretty good, similar to incandescents, but they're more energy-efficient. I have an unfinished project to make an indoor artificial sun (basically, some bright lights projected through lenses to create parallel rays), which is how I started looking at metal halide lamps.