Paying Ourselves to Decarbonize
noemamag.com
noemamag.com
If I was living at or near my income, then adding $10 to the price of food makes me pick between a box of KraftDinner and a Chicken.
It is important to realise “paying the social cost of carbon” is all well and good when you don't have to choose which member of your family goes to bed hungry.
> Another frequently used phrase is “putting a price on carbon,” as the president of the World Bank Group begged the world to do nearly a decade ago. This is a way of calling for taxes, which would require legislative action, and of course, many people don’t like the idea of taxes. But if carbon burn were taxed in a progressive way, dislike of a carbon tax might be mitigated. It might also be possible to funnel some of the taxed income directly back to citizens, also progressively.