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by real_cost 2861 days ago
This is called a Pigovian tax. I believe that Pigovian taxes are not a good solution for plastics and other multifaceted environmental issues because of the complexity in calculating the total environmental cost of all the externalities of a product.

I think consumers would change their buying behavior if they knew the real cost of their purchases.

For that reason I believe there is a big opportunity (and chance to save the planet) for a startup to calculate this real cost in an automated way and influence buying behavior by making the consumers aware of it.

If the above does not sound like a crazy idea let's connect at http://eepurl.com/dEOz3n (I'm using this list to keep your email private)

1 comments

Thanks real_cost.

I have been thinking this way for a long time but was unaware of a formal name for this idea/system. Glad to have a name to put to a concept and signed up for your mailing list.

In general, I do think we can price things, after all, we already do, just poorly (existing taxes). I really do agree that we have a pricing problem but I'm an optimist that worse case, we can calculate mitigation costs and then work backwards from there - not to suggest that is the right/best way to do it - just that it is one simple way to do it.