Quote:
Originally Posted by PepsiFree
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.
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Thanks! Well, better than tax credits, but I've never been a fan of "buying credits" as it gives them an out to reducing emissions, kind of like I can speed all I want because I can afford the ticket. Using it to directly fund green indicatives does help, but I am wary of it being enough.
But I am not going to allow perfect to get in the way of good. Seems like a decent idea, and I am all for carbon tariffs, the one agreement I have had against the carbon tax was that it didn't increase import costs to punish countries with large emissions.