Hacker News new | ask | show | jobs
by Alex3917 2727 days ago
> No one would pay a $10,000/ton tax when they can pay someone else $100/ton to offset the same amount of carbon from the air.

That's cap-and-trade, not a carbon tax.

2 comments

Not really. There doesn't need to be a "cap". You can tax every single ton of net carbon.

Traditional cap-and-trade has a very valid criticism that it doesn't fix the problem, only limits it slightly and moves it around. If you add carbon-removers into the equation, and set things up to have 0 or even negative carbon per year, and then you actually do fix the problem.

Any reason able carbon tax (not that politics are reasonable would pay (negative tax) people who remove carbon dioxide from the atmosphere and tax people the same rate when they emit it.