Hacker News new | ask | show | jobs
by jmole 2402 days ago
A carbon tax is only effective for climate/carbon mitigation if the tax revenue is reserved for those kinds of efforts - which historically has been difficult to achieve.
2 comments

That doesn't make sense. A carbon tax works because it makes more carbon-intensive activities/goods relatively more expensive compared with less carbon-intensive activities/goods, so you're giving people a financial incentive to use less of it.
No, that's not the case. A carbon tax is effective regardless of the use of the revenue.