Quote:
Originally Posted by Azure
But wouldn't we need to accept the fact that high priced oil is probably going to lead to a lot more investment into oil?
To me that is why the carbon tax could work so well. High priced oil? Good for you, but find a way to extract it with less emissions and you pay less taxes.
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Extraction is only a portion of the GHG's related to fossil fuels, it's the consumer who is generating a significant portion when they consume them. If we want to curb emissions via high taxes/prices then it's only fair to hit the consumer of the goods instead of only the producer.