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🛢💸 The real deal about Carbon Pricing: Difference between revisions
🛢💸 The real deal about Carbon Pricing (view source)
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===Carbon taxes=== | ===Carbon taxes=== | ||
[[File:carbon-intensities-of-connected-grids_2020_how_electricity_generated_from_coal_is_leaking_into_the_eu_sandbag.png|thumb|Thumbnailed image|Carbon intensities of connected grids in EU.]] | |||
[[File:EU-planned-electricity-connection-2020_how_electricity_generated_from_coal_is_leaking_into_the_eu_sandbag.png|thumb|Thumbnailed image|European Union planned electricity connection in 2020.]] | |||
If we dive in the flaws from the more straightforward method, carbon tax, we can see how it compares to emissions trading. First, one could think that carbon taxes are less “citizen friendly” than emissions trading, because they directly impact goods price, but they are harder for companies to dodge, thus less expensive to governments and citizens, while generating more revenues worldwide. In fact, ecologists often favor carbon tax systems on emissions trading: James E. Hansen for instance, an influent former NASA scientist studying global warming since the 70s, advocated for a carbon tax in an open letter to the Obama presidential couple<ref>James Hansen, <i>An open letter to the president and 1st lady from the nation’s top climate scientist</i>, 2009, Grist website. | If we dive in the flaws from the more straightforward method, carbon tax, we can see how it compares to emissions trading. First, one could think that carbon taxes are less “citizen friendly” than emissions trading, because they directly impact goods price, but they are harder for companies to dodge, thus less expensive to governments and citizens, while generating more revenues worldwide. In fact, ecologists often favor carbon tax systems on emissions trading: James E. Hansen for instance, an influent former NASA scientist studying global warming since the 70s, advocated for a carbon tax in an open letter to the Obama presidential couple<ref>James Hansen, <i>An open letter to the president and 1st lady from the nation’s top climate scientist</i>, 2009, Grist website. | ||
source: https://grist.org/article/dear-barack-and-michelle/</ref> in 2009, when emissions trading was not even implemented for long enough to discredit it. According to Hansen, emissions trading will allow “business as usual” for emitting industries, thanks to its ultra-liberal dimension; while a tax will appropriately affects all products that use fossile fuels, from cars to food. But as Hansen points out, “the public will support the tax if it is returned to them, equal shares on a per capita basis, deposited monthly in bank accounts”. He asks for absolutely no revenues of this tax to ends up in government pockets, and some says it could allow for a basic income to exist. | source: https://grist.org/article/dear-barack-and-michelle/</ref> in 2009, when emissions trading was not even implemented for long enough to discredit it. According to Hansen, emissions trading will allow “business as usual” for emitting industries, thanks to its ultra-liberal dimension; while a tax will appropriately affects all products that use fossile fuels, from cars to food. But as Hansen points out, “the public will support the tax if it is returned to them, equal shares on a per capita basis, deposited monthly in bank accounts”. He asks for absolutely no revenues of this tax to ends up in government pockets, and some says it could allow for a basic income to exist. | ||
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source 2: https://blogs.mediapart.fr/patrick-cahez/blog/111118/les-taxes-sur-les-carburants-financent-le-capital</ref>, a tax advantage accorded to companies employing workers, supposed to encourage employment and incomes growth. CICE was highly unpopular, since it was considered as a gift for companies with no mandatory results on employment, until it was discontinued in 2019. | source 2: https://blogs.mediapart.fr/patrick-cahez/blog/111118/les-taxes-sur-les-carburants-financent-le-capital</ref>, a tax advantage accorded to companies employing workers, supposed to encourage employment and incomes growth. CICE was highly unpopular, since it was considered as a gift for companies with no mandatory results on employment, until it was discontinued in 2019. | ||
To close the “carbon pricing flaw folder”, it appeared in Europe that there was a threat of high emissions electricity imports in countries applying a carbon price to fossil fuel energy. A few EU countries<ref>From Sandbag NGO datas: | To close the “carbon pricing flaw folder”, it appeared in Europe that there was a threat of high emissions electricity imports in countries applying a carbon price to fossil fuel energy. A few EU countries<ref>From Sandbag NGO datas: | ||
*Greece, connected with Turkey. | *Greece, connected with Turkey. | ||