Quote:
Originally Posted by Ronald Pagan
More to the point, carbon taxes will not cause a recession. They will lower economic growth by about 1 - 4% from a baseline scenario with no carbon tax. Once you factor in the environmental benefits (provided the world adopts a carbon price which is likely) then it's safe to say you come out ahead with a carbon tax.
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So... if we bank on the rest of the world doing something then we'll be fine.
Great. Let's just convince China and India to adopt the carbon price as well as lowering their emissions.
In addition, lowering economic growth as we're on the verge of entering a recession is not a great plan. Instead of avoiding the recession, it would automatically make it worse. Sounds like a great plan!
