Quote:
Originally Posted by belsarius
Yeah, this plan better be more than tax credits. Nothing I hate more than "giving" incentives only to the people who can afford the upfront capital cost. If they can do this properly at the point of sale to reduce costs immediately for all people, I think this can work.
But this kind of plan will be criticized as the government picking winners and losers - which is exactly why conservatives originally argued for the market based carbon tax over direct government intervention.
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It’s a dollar based rebate system that will be paid for by large industrial emitters. Essentially, large emitters will be encouraged to get their emissions down, but will also be able to buy credits to meet the threshold. Those credits will directly fund the consumer rebates, so in theory, even if they aren’t reducing emissions, they will still be paying for a reduction by funding green initiatives. On top of that, they’re looking at an EU-inspired carbon tariff, where tariffs will be applied on products from countries with poor performance, but not on countries with similar or better performance, and those tariffs will also fund these initiatives.
The plan does not suggest it will be paid for through tax dollars.