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by Consultant32452
2354 days ago
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Major nuclear powers have a significant portion of their economies tied up in fossil fuels. They will not go down without a fight. China already emits 2x US CO2 and is on track to double its emissions by 2030. There is no scale of trade war/tariffs I can imagine that will derail this. |
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Do you expect they'll just give up selling to those markets entirely? That would lead to less manufacturing in China and a reduction in carbon output from the country. Manufacturing in the US/EU etc. would likely take up some of the slack, but at a much lower carbon output and higher price.
Do you expect them to just continue selling with the tariff? That would lead to a reduction in sales, a reduction in manufacturing, a reduction in carbon output. As before I'd guess manufacturing in the US/EU etc. would take some of the slack.
Or do you expect them to start a war over it? Do you think killing their customers makes sense to them?
Personally I think it much more likely that they'd make the required changes, increase prices accordingly and continue to be the manufacturing hub of the world. Currently they have no reason to curb their carbon usage, but that doesn't mean they wouldn't do it if they were given an economic reason.
I am genuinely interested in how you think they'd "fight" a carbon tax from the US/EU etc., because I can't see a way where it doesn't reduce the amount of carbon being released compared to a world without the carbon tax.