The sane way to approach climate change is set policy based on what technology is available or soon will be. Setting arbitrary targets for the sake of it accomplishes absolutely nothing, see every climate accord we've had.
Funding new tech with tax revenue is great I'm all for it, but we are taxed enough (35% of the price at the pump is tax). Last time I checked the government of Canada collects about $45 billion in fuel taxes per year. If governments were serious about climate change they'd make it law that every cent collected on taxing energy would go to public transit projects (I think all public transit should be free) and investing in cleaner energy tech.
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