Sure, but those reductions will only be in the jurisdiction with the tax and will be matched by a corresponding increase in other jurisdictions. So if the goal is to migrate emissions to countries like China that don't have the tax, it's easy to do. If the goal is to reduce global emissions, then that's another matter entirely..
I've been thinking about this, and if that CO2 tax results in that less CO2, who feels the brunt of it? What does it look like to people? Is everything 20-50% more expensive, so we buy less of it? Would be great to see the CO2 reduction, but I don't see our government going the route of forced austerity. I guess the idea is to then force low-carbon innovation to bring prices back down?
https://en.wikipedia.org/wiki/List_of_countries_by_carbon_di...