Carbon Pricing : Kill or Cure?

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Just Have a Think

Just Have a Think

4 жыл бұрын

Carbon Pricing. Carbon Tax. Emissions Trading. Call it what you will, economists all over the world overwhelmingly agree that some sort of stringent pricing mechanism causing a strong disincentive to emit excess carbon dioxide from industrial or energy related processes, including driving our gas guzzling vehicles, is now absolutely cruical if we're to meet even the upper limit of 2 degrees Celsius of atmospheric warming set out in the 2018 IPCC report. But there is hot debate over whether such policies would inflict yet more economic hardship on those least able to adapt. This week we take a look at the pros and cons.
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Research Links -
www.theguardian.com/commentis...
below2c.org/2019/07/carbon-pr...
/ would-a-carbon-tax-rea...
below2c.org/2019/05/the-debun...
carbonpricingdashboard.worldb...
www.government.se/government-...
www.carbonbrief.org/daily-bri...
www.carbonbrief.org/media-rea...
www.nytimes.com/interactive/2...
www.eia.gov/todayinenergy/det...
www.smh.com.au/environment/cl...
ourworldindata.org/death-uk-coal
ourworldindata.org/co2-and-ot...
cleantechnica.com/2019/03/29/...
en.wikipedia.org/wiki/Renewab...
www.c2es.org/document/us-stat...
www.theguardian.com/business/...
www.nber.org/papers/w23250
onclimatechangepolicydotorg.w...
www.nber.org/papers/w15239
www.irishtimes.com/news/envir...
www.reuters.com/article/clima...
priceoncarbon.org/pricing-mec...
#carbontax #carbonpricing #emissionstrading

Пікірлер: 457
@urmeti
@urmeti 4 жыл бұрын
'The greatest downfall of a human race is inability to understand the importance of exponential function!'
@Jimmy4video
@Jimmy4video 4 жыл бұрын
When it comes to projections into the future there are a fair few who struggle with linear functions too.
@donfields1234
@donfields1234 4 жыл бұрын
I dont know about greatest downfall, but its certainly on the list and its not helping now.
@donfields1234
@donfields1234 4 жыл бұрын
@@Jimmy4video 👍
@thertis580
@thertis580 4 жыл бұрын
So, if a hen and a half can lay a hegg and a half in a day and a half. How long will it take to shovel two ton of coal through the eye of a needle when grapes are a pound a kilo?
@nitrampd
@nitrampd 4 жыл бұрын
James Smith Don't eat grapes unless they are locally grown.
@markc5025
@markc5025 4 жыл бұрын
I like the idea of personal carbon budgets, whereby everyone will be given a certain amount of carbon they can expend in a year; for every carbon producing product/service you use, the amount you will receive at the end of the year gets reduced. So if you purchase a plane ticket or a new car your carbon budget would get reduced. At the end of the year if your carbon budget had a net credit you would get a check, but if you used more than your allotted amount u would be sent a bill. So rich people who fly a lot would end up having to pay a large bill, but poor people who do little consumption would get compensation.
@ramblerandy2397
@ramblerandy2397 4 жыл бұрын
9:45 I should add that the millions spent by Fossil Fuel lobbyists amounts to almost petty cash numbers when you factor in the profits made by delaying measures to attenuate HICC by just one more day. It is why people protesting and concerned and informed youtubers are so important to turn political attitudes on the environment around. Significant numbers say "it's too late, and why should I curb my lifetstyle? [a "Trumpian" atttitude, by the way]" Well, if everyone has that attitude then we are truly doomed. But we have to turn this attitude juggernaut around, even if it is one person at a time. As always, a good, informative programme. 👍
@beesplaining1882
@beesplaining1882 4 жыл бұрын
Good points. There's little understanding in the broad society of the levels of profits that are being threatened. The corporate media plays its part by ignoring this. If people understood this they would accept that vast amounts of money and therefore vast power is being harnessed against the necessary changes including mechanisms like carbon prices.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@beesplaining1882 Most of society are brainless sheeps. Prove: rebellion extinction...those idiots belive CO2 is increasing the temperature...without ANY PROOF! Without math...
@DuelingBongos
@DuelingBongos 4 жыл бұрын
The cold hard fact is that you can never set a Carbon Tax as long as the fossil fuel companies own the politicians who make the tax laws.
@peterhansen2656
@peterhansen2656 4 жыл бұрын
DuelingBongos look into who is funding the extinction rebellion what do you find ,people like the Rockefellers et cetera who are behind it the carbon tax is about controlling the mass it’s their idea ,it’s about controlling energy.It’s not about saving the world it’s about controlling it
@10ahm01
@10ahm01 4 жыл бұрын
@@peterhansen2656 Calm down mate, try to think reasonably before jumping into conspiracy theories, if each government collects its taxes independently, then how the hell is some group or singular party going to benefit from this
@dnboro
@dnboro 4 жыл бұрын
@@peterhansen2656 Sorry Peter, can you substantiate that Extinction Rebellion is somehow ferretting away millions of dollars somewhere. Have you got ONE ONCE of evidence for this claim. Or are you just repeating lies you read somewhere in the deniersphere?
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
You shouldn't tax the bogus! CO2 can't increase the temperature! Even i can prove that with repeatable result...
@ClimateTown
@ClimateTown 3 жыл бұрын
This is such a well-researched/presented video.
@mikespark72
@mikespark72 4 жыл бұрын
first time I saw any of your videos ever mate, and I have already sub'd and clicked the bell too. Very informative, and delivered in a great calm, and knowledgeable way. Great job!
@donfields1234
@donfields1234 4 жыл бұрын
Another excellent production, you have come a long way in every aspect of your posts, most importantly imo the research. I wish you the best always and look forward to your post and its perspective each week. Thanks from humanity.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Congratulation donkey. You were deceived for lack of thinking!
@aaronbono4688
@aaronbono4688 4 жыл бұрын
Another excellent video. I had heard about this argument from one side but I'm glad you are shedding light on the counter argument.
@81chrisling
@81chrisling 4 жыл бұрын
Thank you for another really well researched video with lots of facts and figures.
@crispy870
@crispy870 4 жыл бұрын
Great vid. Thanks for your work..
@lilbaz8073
@lilbaz8073 4 жыл бұрын
Thanks for the vid dave.
@markhird-rutter2305
@markhird-rutter2305 4 жыл бұрын
Great review of Carbon Tax. I live in British Columbia Canada and we have had a carbon tax since 2008. Our total emissions have risen slightly but our population and GDP has gone up by 17% during that time. We pay $35 per ton and our income tax is reduced to compensate. Up to $30 per ton the revenue was put back into reducing income tax. The amount above $30 is going to be used for climate mitigation. There is still controversy here. There are many people who don’t understand and just call it a tax grab. Our current provincial government is courting some large LNG projects and give it them a break on the tax. It is due to rise to $50 per ton.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Tax on the bogus...
@rogerjohnson2562
@rogerjohnson2562 2 жыл бұрын
I doubt if a carbon tax is going to put more money in your pocket, the income tax reduction is just a smoke screen for higher production prices.
@elo2910
@elo2910 4 жыл бұрын
Very interesting video, thank you for sharing this research.
@Kiwittgmail
@Kiwittgmail 4 жыл бұрын
We actually have moved beyond the encouragement phase and now need to move onto the action phase.
@dnboro
@dnboro 4 жыл бұрын
@ferkemall You state: "EU study says just one volcano produces more Co2 than a million cars in just one day now" Really? Citation please. www.climate.gov/news-features/climate-qa/which-emits-more-carbon-dioxide-volcanoes-or-human-activities Why is it that you deniers can't find anything but bullshit on the internet. Either you are incredibly ignorant, or you are lying. If your ignorant, go and do your homework. If you know you are lying then stop. Stop lying! We are sick of it! Just stop lying!!!
@Elviloh
@Elviloh 4 жыл бұрын
@ferkemall "study says just one volcano produces more Co2 than a million cars in just one day ?" Well, yeah, but they're natural and the natural equilibrium was working with them up till now. Now if you look at volcanoes, human emissions are more than 90 times greater than global volcanic CO2 emissions per year. There you have it, smart ass.
@JonathanLoganPDX
@JonathanLoganPDX 4 жыл бұрын
Accelerating (higher year after year), Progressive (higher tax per larger users) Revenue Neutral Carbon Taxes paid back to all citizens on a per capita basis is not only a smart fossil fuel reduction policy, but it also penalized largest users most, and is superbly fair AND revenue positive for the middle class and working poor.
@re8et355
@re8et355 2 жыл бұрын
Locally, yes. Globally, that's the whole point. Thinking globally, that's the spiritual realm coming in play getting absorbed by standard means of exploitations, personal interests, greed. It will turn out a massive debt.
@pitass82
@pitass82 4 жыл бұрын
well done, thanks, veeeryyy informative!
@ecocentrichomestead6783
@ecocentrichomestead6783 4 жыл бұрын
$75/tonne passed directly to the consumer would result in 20¢ per gallon increase. Gass prices increase more than that when one refinery goes off line!
@joewilder
@joewilder 4 жыл бұрын
Hopefully we'll soon be onto a different political era in the US. The current one gives me a headache.
@petergtoft1050
@petergtoft1050 4 жыл бұрын
If Governments really believed the science and acted on it . EVERY house built would have solar panels fitted and every roof would have a south facing slope . Here in the U.K. this does not happen. If every house could recover 5Kw for 4 hours a day of solar power just think about how energy bills would fall . AND that is why it wont happen . Because of the tax that would be lost
@dougmc666
@dougmc666 4 жыл бұрын
Governments would chose the best return on the dollar, that would be grid level investments, not domestic. The four hours a day can't happen, the capacity factor is only 15% in the UK. In the northern hemisphere sunny days don't represent a period of peak demand, cold dark winter days do. The UK has already answered this, the answer is wind.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Solar energy claim more lives that other energy sources...roofer is very danger job after all.
@banksarenotyourfriends
@banksarenotyourfriends 4 жыл бұрын
Just commenting for the algorithm's sake - thanks for another canny video Dave.
@MarinelliBrosPodcast
@MarinelliBrosPodcast 3 жыл бұрын
75$ a ton wouldn't just raise the price of Gasoline by $.20 a gallon, but every thing from food to heating to clothing would experience a HUGE increase in price. The people most affected would be you, your neighbor, and your favorite restaurant. Not everyone can afford a Tesla or Solar panels, many people are just scraping by; taxing people would lead to even more poverty. Don't say this is false because it isn't. I live in Canada where there is a high carbon tax and it has really hurt some poor people.
@juliaset751
@juliaset751 4 жыл бұрын
I think a lot of people would be OK with a carbon tax if it was defined exactly how the taxes are imposed, where the revenues are going, and that they can’t be diverted.
@angelatester2471
@angelatester2471 4 жыл бұрын
Thanks for the video. It does seem that the mention of a tax is very threatening to lots of people.
@grantlauzon5237
@grantlauzon5237 4 жыл бұрын
This is like a Pragur U video but with numbers... and facts... and citations.
@kokopelli314
@kokopelli314 4 жыл бұрын
One problem is that Carbon Pricing and Carbon Taxes are very different. Carbon Pricing is used for trading in a Emissions Market allowing local polluters to continue by purchasing questionable offsets. A Carbon Tax is a penalty paid to Governments by Polluters. That's why industry always promotes CO2 credits.
@gnostictruth1599
@gnostictruth1599 4 жыл бұрын
It seems to me a carbon tax is just oil and gas companies passing their (so-called) tax burden to 'consumers'. Oil companies literally owns governments, e.g. their governments are just collecting said tax for them. It's like your weed dealer charging you gas money to deliver to you when he didn't before. You love his product, so you happily pay for goods and his 'taxes'. Post script, I love this channel!
@TheLightningII
@TheLightningII 4 жыл бұрын
The cost would be passed onto consumers anyway. But if you raise the price for consumers, they tend to consume less. This cuts into the fossil fuel company's bottom lines and hurts their business. Simple supply and demand.
@gnostictruth1599
@gnostictruth1599 4 жыл бұрын
TheLightningII - I agree with you, to a point. You said, "if you raise the price for consumers, they tend to consume less", not always. They find other ways to get what they want sans the retail market. The main point is, this is not the case when it comes to petroleum based products. Look around your house and see how many things are made from plastic? Everything from your TV, toothbrush, to the Tupperware of factory farmed meat (eh'hem) in your frig you will eat after you party in your pleather disco pants this weekend! Most petro-based products will side step the inverse principal of supply and demand. Virtually nothing except the cessation of production truly "hurts their (oil and gas) business", as you say. Oh, I should tell you I use to be a fixed asset accountant in a GE natural gas company.
@TheLightningII
@TheLightningII 4 жыл бұрын
@@gnostictruth1599 Sure, but at least the petroleum products for plastics aren't being burnt and released into the atmosphere(at least not most of it I hope). The main environmental impacts the average person has are most likely from transport fuel, electricity, and AC/heating. We know when you raise the prices of these things, people try to use less of them.
@gnostictruth1599
@gnostictruth1599 4 жыл бұрын
TheLightninII - Yep, you and I concur. When I was in oil and gas, right out of grad school, I drove up to a neighboring state and went to all the facilities in the field. I can tell you at LEAST a third of the natural gas pulled out of the ground is burned/released at the point of extraction right into the air. Crazy. What do you think of the 'volunteer' power shut downs in the US west due to wild fires?
@TheLightningII
@TheLightningII 4 жыл бұрын
@@gnostictruth1599 That is crazy. I can't comment on the plant shutdowns as I simply don't know enough about them.
@peterdollins3610
@peterdollins3610 4 жыл бұрын
Also cut all fossil fuel subsidies with a carbon tax.
@pennyoflaherty1345
@pennyoflaherty1345 2 жыл бұрын
Dwn here in Oz-Land we once had a decent show each week till money & ads killed all good shows of learning & Informativeness - ** What Will They Think of Next *** being one of my Favorite ! ! Where back in earlier years Star-Trek & Space travel seemed one mans dream, now with R. Branson’s flights made possible. I’m curious if we can’t have some fellow inventor particularly Germans come up with a carbon capture placed on transports exhaust emissions only allowing clean breathable air out . The Co2 captured then is re-buried in the ground & as time passes replaceable capsules are used. These of similarity to oil filters on cars etc. It was of recent years a car company built in a test avoider by switch / flick or trip - thereby passing similar MOT. Testing .
@stipanrogic8169
@stipanrogic8169 4 жыл бұрын
And who will collect all that money from Carbon Tax ?
@Jimmy4video
@Jimmy4video 4 жыл бұрын
Governments, to pay for subsidies for sustainable energy sources.
@powelllucas4724
@powelllucas4724 4 жыл бұрын
PS to my previous posting: where I live we seldom get much snow or cold weather until January and February. So far we've had two major dumps and it's colder than a well digger's ankles.
@grindupBaker
@grindupBaker 4 жыл бұрын
"we seldom get much snow or cold weather until January". Well thanks for pissing me off. Here we get 1st snow that stays November 10th and then snow twice a week for 6 months until it's 6 feet deep, and temperature never goes above zero for 6 months after November 10th except 3-4 afternoons randomly in 6 months. So thanks again for "we seldom get much snow or cold weather until January" stud.
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
Well, it is global warming, not local warming. Plus, with the arctic warming much faster than the mid-latitudes, there's less of a temperature difference, and since it's that difference that drives the jet stream, the jet stream is slower and meanders more, so that we get larger and more frequent tongues of cold air reaching down to normally more temperate latitudes. Of course weather varies anyways, but we can expect more variance from the norms, both hot and cold. Or so the scientists say. I'm not competent to judge their work, but in the past I accepted at face value a number of criticisms of climate scientists, criticisms which I later found were not just wrong but deceitful, so now I just trust the scientists. You might like to read them. It's a very big change underway, and there's nothing like having knowledge of the times one lives in.
@davidwilkie9551
@davidwilkie9551 4 жыл бұрын
Very old news, still exactly right. Rumpole of the Bailey: "who says crime doesn't pay?"
@grindupBaker
@grindupBaker 4 жыл бұрын
Too right old sausage.
@colecampagna6302
@colecampagna6302 4 жыл бұрын
Scared for a long depressing career in environmental science.
@grindupBaker
@grindupBaker 4 жыл бұрын
I listened to talks by Dan Lubin ("polar specialist") 7 years ago and he seemed genuinely peeved that his science he went into (WG1 climate science) ended up a huge wealth/political thing with bull shit baggage everywhere instead of a fun physical science. He sighed and said something about how nice it would have been to just spend a life time doing physical science same as all the other ones. He's got the dry science brain instead of the book-selling celebrity-fun brain that most bods have.
@cncshrops
@cncshrops 4 жыл бұрын
Well, a long career in anything is something to hope for😊
@dnboro
@dnboro 4 жыл бұрын
Translate the depressing into determination. You are one of us that can make a difference - go for it. You won't always win but each little win others like me will appreciate.
@colecampagna6302
@colecampagna6302 4 жыл бұрын
David Borojevic you’re right, just been a hard year for us environmentalists, but the world is changing.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
This is NOT "environmental science" but politicall issue and another reason to tax us! GHG is BOGUS!
@lilbaz8073
@lilbaz8073 4 жыл бұрын
Any thoughts on h21 north of england dave?
@grindupBaker
@grindupBaker 4 жыл бұрын
I don't have any thoughts on that. Do you have any thoughts on Powassan ? Should we upgrade the highway there by filling all pot holes >3 feet deep or install a high-speed train ?
@lilbaz8073
@lilbaz8073 4 жыл бұрын
You realise h21 north of england is a proposal for the biggest reduction of co2 in the world? It's not a train, it is converting britain to run on hydrogen. Rather than natural gas.
@SvetlozarArgirov
@SvetlozarArgirov 4 жыл бұрын
I am a bit sceptical about the real reason for emissions reduction in countries with carbon tax. I don't think you can really tell apart what part was due to genuine reduction and what due to emissions (like from manufacturing) being shifted to a poorer country.
@tomhall7633
@tomhall7633 4 жыл бұрын
Svetlozar Arglrov Very good point. Without a comprehensive decarbonisation policy (including dodgy practices like off shoring) carbon taxes alone will be insufficient to the task. Here in the USofA if the carbon content of our consumption from all sources was accounted for the US would be by far the largest emitter of carbon on the planet. Consumption taxes based on carbon content, though by nature regressive, do force folks to consider the consequences to environment of their purchasing decisions while removing the incentive to offshore to avoid the tax or whitewash the carbon reduction numbers for political purposes.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@tomhall7633 You are idiot Tom. Without carbon dioxide and fuels we will all die! Plus GHG effect was proven wrong !!! I can show you!
@jsibbs08
@jsibbs08 4 жыл бұрын
Comment for the alg!
@AlexandreLollini
@AlexandreLollini 4 жыл бұрын
It is not a pure tax vs compensation, in fiscal manner, this is a systemic tax that must come after better networks incentives and transportation systems. A right amount is around 150$ per ton of CO2.This is a tax that must enable people and businesses to FIND ALTERNATIVES. In other words, a tax that gives also ways to pay less of it or avoid it almost completely. This way, naturally people and businesses will turn away from fossil fuels.
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
How about we start with reducing the fossil fuel subsidy from governments. The government subsidises exploration for fossil fuels, farmers get a diesel rebate and I'm sure there are many others. Stop encouraging the use of fossil fuel and a carbon tax is unnecessary.
@PaulMansfield
@PaulMansfield 4 жыл бұрын
Yes, here in the UK, farmers and public transport get to use much cheaper "red" diesel, which leads to a huge disincentive to switch to electric vehicles.
@xxwookey
@xxwookey 4 жыл бұрын
Removing fossil subsidies will help, but we really do need to charge for pollution too to properly capture the costs. Especially as we _didn't_ take this seriously in the 1990s when there was time for a very gentle transition. Now that things are really urgent we have to force change unhelpfully quickly.
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
@@xxwookey Agreed. Sadly, The human species has a weakness in that we each think that the little pollution we do individually won't matter much in the bigger picture. Like wise Australia, which only has 25m population and domestically produces 1.3% of the worlds carbon (which is disproportionately high) thinks it's alright to export millions of tons of thermal coal so the rest of the world can turn it. This unfortunately is a big slice of foreign income for Australia so I recognise economics will be harder when it inevitably slows but never the less the carbon ends up in the atmosphere regardless of who burns it. Arguably it the west that needs to transition to alternatives sooner than the third world.
@franklinrussell4750
@franklinrussell4750 4 жыл бұрын
I think you have a great idea. The fracking industry is not profitable without government subsidies! In the United States, we could start by withdrawing our military from the Middle East. The US military acts as a huge subsidy for ARAMCO.
@tcmtech7515
@tcmtech7515 4 жыл бұрын
@@xxwookey You might want to step back and look at the bigger pictures behind all this. Especially the big oil subsidies and what it really about. Big oil only makes about 5 - 15 cents per gallon of its product it makes and sells, while big government in just the US makes ~40 cents to over $2 off each of those gallons in its various taxes and other fees tied to it. Big oil would love to see us all have high efficiency vehicles and home and industrial heating systems that use half the fuel they do now so they could sell it to us at tice the profit for twice as long on their end. Problem is big government would take it in the ass on their cash cow tax revenues. The only way to keep big oil from rocking the boat too hard is with subsidies so that they get a bit of a kick back from the tax gouging big government does with THEIR products. Same problem with modern vehicle emissions systems. They have done very little in cleaning things up compared to the fuel reformulations that were done. What they do do is make for ever increasing taxable revenue for both the automakers and the government and more sales for big oil due to emissions compliance never being a big gainer for over al fuel efficiency. In fact for most of the history of emissions compliance it has been a horrible reducer of engine power, performance and fuel efficiency, not a improver of any.
@PopleBackyardFarm
@PopleBackyardFarm 4 жыл бұрын
new subbie
@PetesRetroCollectables
@PetesRetroCollectables 4 жыл бұрын
Here in the UK , how many times has a chancellor rolled back / not implemented the automatic car fuel price tax rise? They always use the excuse that it affect's the less well off more. . If they had done it, when it was meant to be done, I think we'd all be driving electric cars NOW. Next do same on Domestic gas for heating with a big tax on new gas boilers and a big rebate to fit heat pump heating (revenue neutral). That would make a big difference. It needs to be done at some point, might as well start now. We need to look at how it affects peoples wallets, but it's more important that our children aren't all swimming to school(joke).
@grindupBaker
@grindupBaker 4 жыл бұрын
Country where I live had carbon Pricing but we're getting rid of it Tuesday next. We don't run with the pack. Our national motto is "Why do today what you can put off until tomorrow ?". Works for me.
@johnhoon7069
@johnhoon7069 4 жыл бұрын
How about a rebate for carbon capture
@ellbee2439
@ellbee2439 4 жыл бұрын
What I have never heard in discussions of the implementing of a carbon tax in any country is what happens to the money? Where does it go? Does it go straight into the general revenue stream of government or does it go to specific programs designed to reduce emissions such as subsidies to renewable energy initiatives? Knowing that might make it more palatable to those opposed more taxes of any kind!
@kenjohnson6101
@kenjohnson6101 4 жыл бұрын
Excellent question, which I have also been asking: papers.ssrn.com/sol3/papers.cfm?abstract_id=3470249
@juusovoltti
@juusovoltti 4 жыл бұрын
It can be either. In Finland, the tax has gone to the general revenue stream without any problems. Raising it further, though, is difficult without earmarking the funds. In Australia, their Carbon Tax was used to lower income taxes, pay for subsidies for low-emission appliances and pay a dividend to citizens. All of these are possible, as is earmarking some of the funds for green investments. Or you might give back 100 % as a dividend. Check these out: climateincome.org/ kzfaq.info/get/bejne/ZtFiYLar0aqrm6M.html
@ellbee2439
@ellbee2439 4 жыл бұрын
@@juusovoltti - Thank you for your reply. I will research your links later today.
@robinmaule8407
@robinmaule8407 4 жыл бұрын
We know that at least two companies claim to be able to extract and sequester carbon dioxide. The coat of doing so they claim to be between $100 and $250 a ton. So that establishes a market price. So it seems obvious that if the carbon tax were $250 per ton of carbon dioxide produced, this could be used to capture and sequester a ton. This has the advantage of letting people know where the tax is going, and a vibrant market will encourage the development of lower cost solutions.
@Chimel31
@Chimel31 4 жыл бұрын
Excellent educative video, carbon tax is definitely not just the miraculous solution to slow down carbon emissions, it needs to be part of a whole arsenal of measures, especially so the poorest population does not have to pay more for it without compensation. I just drove 1,000km with 100km spare to go one tank, I would love to replace my basic estate diesel car with an EV, but there are no estate EVs on the market, and when there will be one, it will probably be one of these luxurious sporty "hunter" estates I have no use for and I can't afford because it costs twice the price of the equivalent thermic car. Governments could encourage EV production, maybe by making EVs and trucks available at the same cost as thermic cars, but with charging electricity at the same cost as diesel or petrol in order to pay back this subsidy, so that the car or truck driver will not see any change in vehicle purchase and fuel compared to what they are driving now. Renewables are also quite slow to deploy. Kudos to the UK for its huge offshore wind farms, but France does not have any, and it does not deploy solar even in the sunny South. All countries should have legislation such as California that mandates photovoltaic rooftops. It's really a shame that even governments that participated or organized the COP21 are not very active to fight climate change and educate their citizens about it. Only about 20% of French citizens think that climate change is a priority. Even students are not much more motivated. I guess I'll have to provide French subtitles to these videos to help... ;)
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
You do not see that video is huge bullshit? GHG effect is proven wrong, no CO2 emission has dropped, temperature is decreasing, ice is gaining mass...IPCC NOAA and NASA proven liars!
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
@@WadcaWymiaru So you think journalists, PR people, and politicians are more trustworthy than scientists? That's really funny!
@jesselee34
@jesselee34 2 жыл бұрын
A carbon tax isn't just the only thing that would need to happen, it is the only solution that has any hope of solving the problem. The reason you can't drive 1000km in a cheap EV right now is because fossil fuel companies don't have to pay for the cost of their pollution. You don't need to subsidize specific technologies. You just need to make industry pay to clean up their pollution. The market will provide them with the most efficient means to do so.
@johnwright7916
@johnwright7916 6 ай бұрын
​@@jesselee34Which countries/government currently have a carbon tax in place rn?
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
In Australia Queensland the cost of electricity to coal miners using it in draglines is about 25% the cost to residential households. They are directly making the cost of electricity to big consumers including coal miners cheaper. What?
@JustHaveaThink
@JustHaveaThink 4 жыл бұрын
Hmmm. I wonder why?
@robsengahay5614
@robsengahay5614 4 жыл бұрын
I am in Queensland and know nothing about this. Would be interested in a link to your source as I have tried google but no luck.
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
@@robsengahay5614 Sadly I learnt this while working in the coal industry so I don't have a citable source at hand. And in fact I think industry would rather keep this quiet.
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
@@JustHaveaThink Governments justify this action by arguing that it creates jobs (like alternative energy comes from fairies) and it an easy source of taxable income. ie it's easier to tax 1million out of a big company than getting one thousand dollars out of 1000 separate tax payers. But then multinationals manage to avoid paying tax, eg google, apple. The little guy is getting well and truly screwed.
@weldonyoung1013
@weldonyoung1013 4 жыл бұрын
Carbon punitive penalty has been covered & some of the political policies needed to distribute the punishment. But doesn't any scheme that involves the majority of economic activity of energy have the potential to rise vast amonts of currency? Just as an example, if the 15% of current carbon priced emissions were to pay the rate to cover the full 100%, that 2030 $75 would become $500. Just what could be done with this punitive collection? Is it to be merely redistributed, as the old carbon trading schemes would have. Or could the 'pot' be used to fund the alternative?
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
There OTHER way. Forget the GHG effect...i deny it, and i can prove with math it is wrong.
@waynecartwright7276
@waynecartwright7276 4 жыл бұрын
i think labeling it as a pollution tax would be harder to oppose, ultimately energy security is better from renewables
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
Hey, are we related?
@grantbotto3504
@grantbotto3504 4 жыл бұрын
The tax or fee should go directly to building and operating carbon removal facilities. We have to get co2 way below current 415 ppm.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Optimal CO2 level for plants is 2000 ppm...Are you a donkey?
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
But maybe not immediately. The first rule of holes is to stop digging yourself deeper! So maybe at some point down the road it will be cost-effective to shift large resources into removal efforts, but I think we're not there yet. It's true though that every ton of CO2 we put out now is a ton we'll want to takeout later. And as Dave notes in the video, it's unfair to implement policy without accommodating the poor.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@robertcartwright8165 It is "digging the graves" not the holes...plants that PROTECT us from hunger require more and more CO2 for each year...
@rhorizon
@rhorizon 4 жыл бұрын
Banning works better than taxing.
@bjartesletteb8095
@bjartesletteb8095 4 жыл бұрын
Is Fee and Dividend the answer?
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
Definitely a good idea.
@jeanlefranc3817
@jeanlefranc3817 3 жыл бұрын
« The rich can afford to adapt, they poor can’t ». Could well be, the problem being that rich people are a much much smaller population group than poor people, at country, region and world scale. Even if the top 10% go fully carbon neutral, at a cost, 70% of the GHG problem is still unsolved.
@cbromley562
@cbromley562 4 жыл бұрын
How about giving those who who pay for 100% renewable electricity (through providers like Bulb, Octopus, Ecotricity etc), a reduction in price, and tax the electricity from providers of fossil derived power? I realise we all receive the same ‘electric mix’ through the power lines, but choosing a clean provider shows clear intent, on the part of consumers, stating their preference for sustainable energy.
@powelllucas4724
@powelllucas4724 4 жыл бұрын
I'm a senior (too senior for my liking). I live in an apartment where the heating is included in the rent. In Alberta there is a senior's rebate issued every quarter or maybe three times a year. (I'm not sure what the periods are, I just know it shows up in my bank account every once in a while.) I live in an apartment where the heat is included in the rent and I also don't drive anymore, so the "sky is falling" because of global warming hysteria doesn't affect me as much as the average home owner. So, from my point of view, they can raise the carbon tax as much as they want just so long as the rebates are commensurate with the increases. I have no objections to being reimbursed for a non existent issue. So, until people realize that this entire charade is simply justification for a government tax grab I will keep hoping for a doubling or tripling of the tax.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
The problem in this quarrel is...carbon dioxide is NOT a greenhouse gas. Proven. You can recall *Emile Clappeyron?*
@tomhall7633
@tomhall7633 4 жыл бұрын
"Wherever carbon pricing has been properly implemented around the globe it appears to have resulted in tangible reductions in carbon emissions." Here in America, we're Americans and we have yet to begin to exhaust all other possibilities first. (My apologies to the memory of the man with the cigar). But the tide of change is rising as climate chaos, crumbling infrastructure, naked corruption of our political and economic landscape combine to limit the available options until all that's left is to do the right thing. Let's just hope by then it is not too late.
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
Like the Churchill reference !
@JustHaveaThink
@JustHaveaThink 4 жыл бұрын
I wonder what Mr Churchill would actually have done if were alive today?
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
@@JustHaveaThink Perhaps he would be a denier and employ Lord Monkton - horrible thought! On the other hand his greatest achievement (in the crystal ball department) was recognizing a threat and pressing for action when that was unpopular with his peers, so I like to imagine him as a climate warrior who would take competent scientific advice, defy industry, and fight. We don't have anyone with his courage and principle today. When Britain faced imminent invasion, by a foe with a knack for victory, he refused to suspend Habeas Corpus. In the US, and here in Canada, with no threat imminent, our governments have already passed legislation to allow them around it! In Canada we've even defined a "terrorist offence" (the prevention of which is grounds for possible incarceration without trial) as including "interference with economic infrastructure", so if you're conspiring to block a logging road or a pipeline, look out! Industry has really got their ducks in a row. I'm not hopeful.
@tomhall7633
@tomhall7633 4 жыл бұрын
@@JustHaveaThink I agree with Mr. Cartwright about the renowned PM but for more terrestrial reasons. As a savvy politician applying a sober (depending on the time of day) analysis of the unfolding threat and seizing the high ground for the Tory cause, he would act boldly under cover of a galvanizing event such as a flood, hurricane, drought and rally the population to confront the threat. Absent Robert's comment, I would have said, " He would have done something rather than nothing."
@johngage5391
@johngage5391 4 жыл бұрын
Economists say we can efficiently reduce emissions, protect household purchasing power, and help the poor with Carbon Fee and Dividend: clcouncil.org/economists-statement Here's a great policy: citizensclimatelobby.org/basics-carbon-fee-dividend Benefits: citizensclimatelobby.org/remi-report Canada has done it, and the US Congress is considering it: energyinnovationact.org/
@fireofenergy
@fireofenergy 4 жыл бұрын
California has a gas tax, I'm kinda low wage and I don't mind. Not sure where all the money's going but we do have close to like 50% solar during the day. I believe the State itself mandates all the solar. Not sure if any financial incentives are paid with the carbon tax... It should be. All welfare, subsidies, tax breaks and everything else must be geared towards incentives for better batteries and even cheaper solar. And we hope the coming storms don't rip apart the glistening solar fields...
@zeroxcliche
@zeroxcliche 4 жыл бұрын
Concerns about costs that were compensated for in the Australian example were more part of the politics than an actual cost. The Trumpian style relapse was based on political opportunism that's increased power prices because its greatly increased investment uncertainty. The current government is trying to stop energy companies who want to shut down coal fire stations so they can have the inside track on new solar. Its all explained by Lobby money and politicians being very cheap and the public not capable or not able to access appropriate information through their preferred media (ala Rupert), there is little Political Economy analysis - a recent paper by Pearse 2016 on coal describes all the direct and embedded subsidises that aren't looked into even in most European countries.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
And here is the REALITY: kzfaq.info/get/bejne/a81od6dhlqicaZs.html
@b_to_the_b
@b_to_the_b 4 жыл бұрын
Your diagram is deliberately misleading as your diagram has the colour red in the middle level range when red is universally known to be used for high level ranges
@TheExumRidge
@TheExumRidge 4 жыл бұрын
Great episode. Side effect. With reduced carbon usage, do societies become more efficient? This seems a great argument; unassailable by fossil fuel companies.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
The problem is...it doesn't happen.
@9squares
@9squares 4 жыл бұрын
Given my understanding that it's already too late to effect any meaningful climate change mitigation, I believe everything should be on the table, including a carbon tax. If we stand any chance of curbing the momentum, we will have to throw everything we have at it., today.
@donfields1234
@donfields1234 4 жыл бұрын
It would be nice if they would seriously throw ANYTHING at it, considering the current administration in the US is busy dismantling the previous 40 years of meager progress i have my doubts in anything fruitful happening before its too late, which it likely already is but still we have no cboice but try. Humanity has a choice evolve or die.
@9squares
@9squares 4 жыл бұрын
@@donfields1234 As an American, I am deeply ashamed of my government. Bernie Sanders looks like he might be an improvement but even his relatively extreme ideas are likely too little, too late. I have made significant changes in my lifestyle but feel powerless to effect greater change. Additional action on my part would likely land me in prison and I am not prepared to spend the remaining years behind bars. For what it's worth, I offer my apologies to the citizens of more responsible countries and indigenous peoples of the World on behalf of the American Government.
@donfields1234
@donfields1234 4 жыл бұрын
@@9squares yes, and its highly unlikely bernie, or any other politician with real potential for change will ever get in. Its all owned and operated by the elite i "fear" AND all this political party squabbling bs is just to keep us divided and distracted so we end up with no real power. They "played their cards" well, dumbing down huamnity, manipulating the system from behind the scene, etc. I think if the populace really saw the truth they would be as horrified as we are. 😖
@9squares
@9squares 4 жыл бұрын
@@donfields1234 Well said, I couldn't agree more. I will continue to act responsibly towards the planet within the confines of civilization and without attachment to the outcome or the future.
@AlexandreLollini
@AlexandreLollini 4 жыл бұрын
You can not increase price of fuel if you don't have a more appealing public transport/train bicycle tracks, city center optimised for pedestrians, subways, etc. The best method it to have a PLANNED PRICE on fuels, with a set monthly increase for the businesses and people to be able to plan their energy costs and their increase over time, for all of it to be perfectly predictible. The governments must absorb the wildly variable market of those. Those rules must be enforced and independant from mandates and elections, those plans must be above all else and set in stone. Like for example in France you have the "conseil constitutionnel" that can reject laws that are not okay with the constitution. That entity must be at the top of the legislative process. There should be a science/habitat on Earth institution, that has direct military oversight each point that is climate related, first duty of a government is to preserve a habitat for their citizens.
@grindupBaker
@grindupBaker 4 жыл бұрын
"bicycle tracks" sounds real dangerous. I went down hard on a streetcar track in Toronto, broke my glasses. Otherwise though I'm with you on that.
@adrianbowie2094
@adrianbowie2094 4 жыл бұрын
It seems simple, and you said it yourself have a thinking guy. In your commentary, you mentioned that higher-income people pollute more so have an income-based tax system for paying carbon taxes and make it fair for everyone. I believe it would have a positive effect on everyone's carbon emissions across the board. When the higher-income people realize the lessor income, people have stopped paying for their carbon emissions; just watch how fast carbon emissions go down. This tactic will also bring about innovation and renewables.
@donfields1234
@donfields1234 4 жыл бұрын
Taxing the rich, lmfao rof pmp, definately a big part of the needed solution, but first we will need to borrow the riches wealth to buy back our govt to pass a law to tax the rich....hmmm. Easier getting a camel through a keyhole me thinks, or elephant, or however it goes.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Taxing the CO2 is taxing the bogus...
@zanshin720
@zanshin720 4 жыл бұрын
Fossil fuels are subsidised by government. That money is from the taxes we all pay. People think you were getting fuel cheaper at the pump but that ain't really the case when that subsidy comes from the tax WE are paying.. And the wealthy 1% aren't paying their fare share of tax using tax loopholes.
@smr5151
@smr5151 4 жыл бұрын
Well produced and informative videos.... maybe you can do one on Overshoot William Catton’s book then you could through all the faulty assumptions this video is based on and start again. Pricing carbon is a ‘Green Way’ of keeping business as usual going... but hey, humans are a special case when in comes to ecological overshoot. I find it hard to watch anything without throwing in sarcasm. We’ve reduced ecological crisis to carbon credits, give me a break.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
This is black not green way...
@christianfalch3182
@christianfalch3182 4 жыл бұрын
In Germany you have to choose between putting food on the table or pay the electrical bill. That how expensive the renewables have become. In the UK people freezes to death every winter because cant afford to pay the heating bill. So if this doesn't have impact on the poor, is just a big fat lie.
@deathgatedeathstar9259
@deathgatedeathstar9259 4 жыл бұрын
riiiiight.
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
Poor implementation is a risk for any policy. As David says in the video, it's unfair to fight climate change on the backs of the poor. Their needs must be accommodated.
@christianfalch3182
@christianfalch3182 4 жыл бұрын
@@robertcartwright8165 that's the thing, the poor and middle class is paying for this shit show again and again. We don't have anymore money to save the rich, that actually is the ones in great need on changing their ways.
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
@@christianfalch3182 I hear you. Dr. Kevin Anderson likes to point out that if 90% of humanity did nothing, and just the top 10% reduced their emissions only to that of the average E.U. citizen, humanity's CO2 emissions would still be reduced by one third! This problem is overwhelmingly political and not technical.
@tely5
@tely5 4 жыл бұрын
Check out Citizens' Climate Lobby, and the bill HR 763. This would put a fee on carbon, but return it straight back to US citizens. Everyone would get the same dividend. Because the lower income people have lower carbon footprints, their dividends would exceed whatever increase in costs that the carbon fee caused, while the wealthier folks would end up paying more for their higher CO2 footprints. So the argument that a carbon tax hurts the poor is totally invalid for this scenario. And it is a false argument anyway put forth by people who either don't believe in science or don't care.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Carbon tax = bogus tax...proven!
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
Australia has had a problem with political will for about a decade or two. By making the rules so convoluted that the average person can't follow them, Australians don't actually know what to do to cut their emissions. The fossil fuel industry just wants to keep doing the thing that makes them money. And only people can defeat them by telling our pollies how to make legislation. This is unlikely. I think the best hope is that alternative energy sources will get cheaper than carbon and people will vote with their dollars. The carbon companies will go broke, and probably claim governments should bail them out, then emissions might go down. Don't hold your breathe. Oh wait, you might have to if the co2 gets too high.
@robsengahay5614
@robsengahay5614 4 жыл бұрын
Gary LeLacheur Unfortunately governments would probably bail them out in such circumstances given the stock market crash that a collapse in the oil industry alone would precipitate.
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
@@robsengahay5614 This is why the transition to alternatives should have started sooner. And why can't the gov't incentivise business to gradually switch to alternatives rather than pay them to explore for more. That is just insane. I sometimes think we are being governed by idiots without spine. The transition could be relatively painless but the big money makers are creatures of habit and can't break their addiction to doing things the way they always have. I have to change and adapt to changed circumstances, why can't our leaders?
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Idiots believe in GHG effect...
@mayflowerlash11
@mayflowerlash11 4 жыл бұрын
@@WadcaWymiaru OK I'll bite. What is the GHG effect? (I can't know everything )
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@mayflowerlash11 GHG = "green house gas" Some uneducated sheep believe Earth is working like a real glasshouse. That is such a lie...proven by math.
@monterock6726
@monterock6726 4 жыл бұрын
Per Peter Phillips, author of the book, Giants: Who Really Rules the World? - "...80% of the people live on less than $10 a day. That's all the people in the world. So there's only 20% that we would call the middle class, so to speak, and then about 1% who are the transnational capitalist class. Those are the really, really rich people. For the bottom 80% $10 a day is not very much and half of those, half the people in the world, live on less than two dollars and fifty cents a day. And the bottom third, over a billion, live on a dollar-twenty-five a day. So that gross inequality is dramatic." Maybe if we just eradicated the 80% there would be no worries. Everything would be okay on the planet.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
There is only ONE trend: more fossil fuels=more wealth.
@johnraymondcave8426
@johnraymondcave8426 4 жыл бұрын
The poor with always pay company carbon tax as it will be past onto them.
@nolan4339
@nolan4339 4 жыл бұрын
Carbon pricing may lead to greater efficiency and reduced waste but it does little to lead a fast development towards any energy transition, and without first developing any real carbon-free alternative the choice to stop emitting carbon, for most, just does not exist. This means that the development of carbon-free electricity and fuels, which is largely influenced by government policy and promotion, rather than free-market choices, will have a much larger role to play than setting carbon prices. The goal must be focused more towards producing cheap carbon-free energy rather than increasing the carbon price. Also to note is that increased energy prices will dissuade development of energy intensive industry to often relocate to less regulated markets. This offloads the emission responsibility for these products. It would instead be better to take ownership of them and produce them in the most efficient and greenest way possible.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Nothing is carbon-free idiot. And i love CO2!
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
I'm not sure I understand you. There are low-carbon alternatives to fossil fuels for electricity generation and some transportation sectors, and taxing carbon is a sure way to encourage their adoption. I take your point though that speed of change also matters. When the English speaking world switched their civilian production over to war they were in a hurry, and they didn't rely on market mechanisms to effect the change. They just told the factory owners "Now you're making war material!".
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@robertcartwright8165 Do you believe CO2 is increasing the temperature? Can you prove it by math? I can prove otherwise...
@budgegately5686
@budgegately5686 4 жыл бұрын
We need clean carbon cycles. what we need to deal with pollution and our war mentality !
@matthewboyd8689
@matthewboyd8689 4 жыл бұрын
What about a luxury tax on vehicles that cost more than $40,000 and set the tax at 60% like what India is doing? Anyone who buys a vehicle above that price can afford an electric vehicle, so they should pay for making the wrong decision. And we could do what Canada is doing by giving the taxed money to everyone. Or start the Universal Basic Income and add the Carbon tax into it. (Considering the pandemic, we need the UBI)
@franklinrussell4750
@franklinrussell4750 4 жыл бұрын
You did it again. This cuts through the Oil company propaganda!
@Elviloh
@Elviloh 4 жыл бұрын
Implement a carbon tax on imports. There you have it, it would be not interesting to import cheap coal-produced chinese goods, as their price would be higher than clean-produced goods, which are more expensive usually because they have to answer to higher standards.
@rogerjohnson2562
@rogerjohnson2562 2 жыл бұрын
Or we could look forward to Greenland and Antarctica being habitable. Might improve living conditions in Siberia, N Canada, Alaska ... I'd be more concerned if we were facing another ice age.
@dschmidt5293
@dschmidt5293 3 жыл бұрын
And what do you do with the portion of tax that is collected and not rebated back to lower income people? The Canadian solution is to buy an oil pipeline to send more oil sands oil to China.
@ronaldgarrison8478
@ronaldgarrison8478 4 жыл бұрын
The solution seems obvious. (Whether it's politically possible is another question.) Put the heaviest taxation on raw materials. Fossil fuels, building and manufacturing materials (concrete, steel, glass, wood, aluminum, plastic, rubber, paper...), even food and indeed, even human labor. (It's just perverse IMO that "creating more jobs" is seen as an undeniably good thing.) This could be justified in terms of reducing the planetary human footprint, or in savings resources for future generations, in terms of health (walk more, drive less, eat less, and so on), in energy independence and national security, or even just in stimulating economic growth (by reducing the drag that raw materials costs put on the economy). As for whether this hurts lower-income people disproportionately, let's assess whether that happens, by solid data, and then compensate for it, as needed, through the usual political processes. But let's just not mix it up with the need to drive toward a more efficient, less material-intensive economy. That will help with the climate issue, and a host of other matters at the same time.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
European countries are close to break because of that...after last election...Poland is close to burst open...because of taxing CO2, an inert tasteless gas of life!
@ronaldgarrison8478
@ronaldgarrison8478 4 жыл бұрын
@@WadcaWymiaru Everybody complains that taxes are too high. You're going to have to explain more than that.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@ronaldgarrison8478 Only the technology allow losers governments to exist. Imagine that same taxes 100 years ago... Soon break will be for 8zł in my country (~2$). I am hungry now...
@davidnichols5429
@davidnichols5429 4 жыл бұрын
I think we should not wait until 2030 for carbon taxing. We should do it now! Higher taxes the more money you make.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
They more expensive fuel, power powerty and high food prices? This is what you want?
@walkyourdog6584
@walkyourdog6584 4 жыл бұрын
Not a consensus in America.
@mafarmerga
@mafarmerga 4 жыл бұрын
This is why a carbon tax will not work. But a Carbon Fee and DIVIDEND system would work!!
@kenjohnson6101
@kenjohnson6101 4 жыл бұрын
The main issue for effective carbon taxation isn't how high the tax is; it's what you do with the money. Case in point: Aviation emissions. Jet fuel costs about $2/gal, whereas sustainable aviation fuel (SAF) currently costs around $6/gal. So at current market prices, a carbon tax on jet fuel of $4/gal would be needed to make SAF commercially competitive. $4/gal equates to $400/ton-CO2. Non-starter. However, if the tax revenue is used to subsidize SAF, then under current market conditions a carbon tax equating to only $0.0004/gal could finance a $4/gal SAF subsidy, sufficient to overcome the price barrier. Of course, the tax would need to increase as SAF gains market share, but over time declining SAF prices (and inclining dinosaur-fuel prices) will obviate the need for a high carbon tax. papers.ssrn.com/sol3/papers.cfm?abstract_id=3470249
@juusovoltti
@juusovoltti 4 жыл бұрын
Hi Ken! I'm now going through your paper. The main idea is brilliant and I would very much like to study this further. If it is ok with you, I would like to go over the whole discussion including F&D and carbon taxes in general, not only the parts regarding the Jet fuel case. 1) Here is my first question: "H.R. 763 includes a Carbon Border Fee Adjustment provision, which would impose carbon fees on imported fuel and products. But the adjustment does not allocate dividends to foreign entities who incur carbon fees, so the fee might be deemed a discriminatory tariff under World Trade Organization (WTO) rules." Yes. It MIGHT be deemed discriminatory, or it might not. The latter means this approach should not be deemed impossible. For all we know, BCAs in the context of F&D might be completely in line with current WTO rules as they are. To me, this suggests this is a viable option as one path for trying to achieve global carbon pricing. Further, the more fundamental question is this: should the BCAs be deemed discriminatory? My understanding is no, they should not. Let's take the EU ETS as an example. I would argue that the current EU ETS is discriminatory to EU industries and a BCA would level the playing field. If another country wishes to avoid the tariff, they are welcome to impose a similar fee for their own fossil fuel use, level the playing field that way and keep the proceeds of said fee for themselves. The solution is not to expand the F&D to a super complex multinational system where fees and dividends go back and forth from country to country. This would not only be a policy nightmare, but it also would never achieve political approval in the US. The F&D must function within an economic region with the proceeds distributed back to citizens within that region. The BCAs are there to make it global by encouraging other economic regions to start pricing carbon within their own region.
@kenjohnson6101
@kenjohnson6101 4 жыл бұрын
@@juusovoltti "The F&D must function within an economic region with the proceeds distributed back to citizens within that region." For the very same reasons, you could argue that a carbon tax on aviation fuel should be distributed back to air travellers, e.g. as a ticket rebate. What would be more effective: A carbon price on aviation fossil fuel starting out at 15 cents per gallon (with the revenue refunded to consumers), or a subsidy on sustainable aviation fuel starting out at $4 per gallon?
@juusovoltti
@juusovoltti 4 жыл бұрын
@@kenjohnson6101 Now you are skipping ahead. We can discuss your idea in due time. If it is ok by you, let's first deal with your criticism regarding F&D. I wasn't talking about your idea, I was talking about F&D. And for F&D to work, the dividends must be diatributed out within each economic region. Do we agree on this?
@kenjohnson6101
@kenjohnson6101 4 жыл бұрын
@@juusovoltti Yes, but in a globally interconnected economy it might make more sense to define an "economic region" to be an industry, e.g. aviation, rather than a country. In any case, I think any rationale for preserving F&D revenue neutrality within a country would apply equally well to revenue neutrality within an industry. Back to my question: What would be more effective: A carbon price on aviation fossil fuel starting out at 15 cents per gallon (with the revenue refunded to consumers), or a subsidy on sustainable aviation fuel starting out at $4 per gallon?
@juusovoltti
@juusovoltti 4 жыл бұрын
@@kenjohnson6101 I'll need to check your figures before I can answer that. My reality check gut says the numbers don't add up. But I'll have a look at them tomorrow and I'll get back to you.
@stephenverchinski409
@stephenverchinski409 4 жыл бұрын
The last World Scientists call for a Climate Emergency has a set of graphs. Look at l. and n. Emissions per capita and the carbon tax ( fee ) relationship.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
Nothing but lies about CO2...
@stephenverchinski409
@stephenverchinski409 4 жыл бұрын
@@WadcaWymiaru You are a closed minded person. If you forget the knowledge, the Word is god will forget your children.
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
@@stephenverchinski409 Let me SHOW YOU how "opened" my mind is: en.wikipedia.org/wiki/Ideal_gas_law *Ideal Gas Law* : PV =nRT T = 101.3 / (8.314 x 1.225/28.97) = 288.14 K ~15°C Earth black body temperature is -18.8 °C degree or 254.3 K All of that 33 degree rise without greenhouse gas effect. Venus: T=9200/8.314 x 65/43.35 = 740K or ~470°C Titan: T=146.7/8.314 x 5.25/28 = 94.1K or -179°C Let's see evidence on other worlds: kzfaq.info/get/bejne/eNuEoKt0t7DTppc.html kzfaq.info/get/bejne/Z7-PoZVpmMy9kpc.html *KO*
@Jimmy4video
@Jimmy4video 4 жыл бұрын
Carbon tax is a good idea, but the implementation is far too complicated. In an ideal world it would be global and a flat rate, where dividends could form a basis for UBI for instance. However if trading is allowed, you can end up with perverse incentives for credits that are actually damaging to the environment.
@michaelohara7765
@michaelohara7765 4 жыл бұрын
You don't need to trade credits in a carbon tax - that's another system entirely. What you do need is "border adjustments" in which the imports are charged based on the carbon tax level of the exporting country (or lack of same) and reverse is done for exports (making exporters whole in regards to the destination). In this way, the non-taxing countries are incentivized to set up their own carbon taxes so as to not be disadvantaged.
@puririmoth
@puririmoth 4 жыл бұрын
Humanity has a long sad history of civilizations pushed off the cliff by self serving short sighted elite. One example that always makes me shake my head is Easter Island. Here a Polynesian society largely based on fishing and thousands of miles from any other land, cut down every forest in a race to move and erect statues. What were the people thinking who watched the last tree fall? Probably - this is great one for moving the biggest statues! Needless to say the population crashed with no timber for housing or boats to catch the staple deep sea fish. End of erecting statues (Moai). My point is, the US is another society based on competition with a political structure that favors the rich and well connected. Scandinavian countries are more egalitarian and think strategically, they also have a lot of forests....and carbon taxes.
@patrick247two
@patrick247two 4 жыл бұрын
99% tax on greed.
@glengordon382
@glengordon382 3 жыл бұрын
Carbon tax, is only another tax!!! Needed for for Credit Card Abusive governments!!!!
@richdiana3663
@richdiana3663 4 жыл бұрын
Carbon tax has to be punitive to get emissions lower instead of rising. The corporatists won't allow it.
@rnunezc.4575
@rnunezc.4575 4 жыл бұрын
What needs to be said is that low income people and low PIB countries, contaminate LESS THAN THE OPPOSITE. But the IMF etc, wants to increase all living prices as fuels go up to the population whom has the LEAST RESPONSABILITY FOR GLOBAL WARMING....
@realeyesrealizereallies6828
@realeyesrealizereallies6828 4 жыл бұрын
England has massive investments in fossil fuel extraction projects over the coming decades, as does America, China, Canada, Australia, etc...Greed is the most critical human addiction, but there's no recognition, or ten step program, to limit the damage done...In fact greed is celebrated in this culture of death...There exists many converging crisis, feeding off each other, and growing exponentially...Adaptation to what's coming, seems to be a more fruitful use of our time and ENERGY..
@ahaveland
@ahaveland 4 жыл бұрын
Done properly, a carbon tax is a tax *for* the people, not *on* the people.
@AlexandreLollini
@AlexandreLollini 4 жыл бұрын
Laws back and forth in democracy is preposterous. Those people don't act as if life was in danger. It's like removing a hospital, bad for health... It's playing with fire. Remove any visibility for citizens and businesses. Preposterous.
@Brian_Friesen
@Brian_Friesen 4 жыл бұрын
The solution to our climate problems is to tax the hell out of everybody! We need to raise taxes on all business activities and all consumers and give all that tax money to the governments of the world. By doing so, we will make sure that people's activities will be so burdened that they are forced to do less, drive less, produce less, consume less, and of course, become vegetarian. All the money given to governments will be responsibly handled, because all governments are wise and responsible with their revenues. They will create more social programs to do more for people who do less. I don't know how the governments will handle the diminishing revenues from the diminishing business because of the righteous burdens placed on them, but because governments are full of the smartest and most responsible people, they will surely come up with a solution for that. Perhaps they will spend their way out of the recession, like FDR did.
@deathgatedeathstar9259
@deathgatedeathstar9259 4 жыл бұрын
someone did not watch the video
@Eric-ye5yz
@Eric-ye5yz 4 жыл бұрын
No matter what your views, you must agree it is far better to breath air that is free of pollution. Even if you insist CO2 is not a pollutant, there is a lot of 'other stuff' that comes out of the exhaust pipes/stacks from burning fossil fuels. Therefore to be in favour of reducing them is better than being in favour of doing nothing. Those against AGW are in fact demanding we breath pollution and endure the disability it causes..... which is very silly. To be free of breathing pollution must improve the health of the nation as a whole which must reduce health costs. In London, in the 1950s smog was very bad, visibility was down to just a few feet, low speed accidents increased dramatically, roads were clogged, till they introduced smokeless coal. In the work environment, employers were not obligated to have extraction fans to remove welding fumes, and to purchase them would put them at a disadvantage with their competitors, when governments compelled companies, that put everyone in the same position, only cheats had the advantage till they were caught.
@fredblogsmac.5697
@fredblogsmac.5697 4 жыл бұрын
.06c. in 50 years unless you want to tyist the data
@WadcaWymiaru
@WadcaWymiaru 4 жыл бұрын
LOL This is the value from TWO of my ways of CO2 calculations...
@theloniousm4337
@theloniousm4337 4 жыл бұрын
I wasn't able to read Ed Dolan's article; medium.com appears to be a sketchy website that is mainly interested in mining user data but I did read the article by NBER article by Grainger. Either you or Dolan has misinterpreted the analysis - badly. The study finds that carbon taxes are indeed very regressive and that is without addressing the shortcomings of the research highlighted by the authors - such as the truncating of data at the lower percentile income earners and the inherent bias in the relative household sizes by income group. Not to mention the increased percentage of discretionary expenditures by higher earners vs. a higher percentage of necessity expenditures by low income earners. All income is eventually spent and what it is spent on typically involved some form of carbon consumption. Your characterization of a carbon tax as mildly unpleasant for lower income earners is extremely misleading and disappointing. However I do agree that the challenge is to come up with policies and schemes of reducing the burden on lower income earners. However that is no small task and there will be severe dislocations and lots of muck ups along the way when you move the tax system away from the ability to pay towards a system based on carbon consumption. Your entire premise in this video is that carbon taxes are the only effective way to curb carbon emissions which is false. They are very effective at curbing carbon emissions at high levels in the same way that tightening your hands around your throat are also effective at stopping breathing. The ultimate goal of the carbon tax is to CHANGE BEHAVIOR. Surely there is a way to do that with minor amounts of carbon tax for revenue for research and development that doesn't involve crippling blows to the economy and the citizenry that are least able to withstand the crippling blows.
@eolandeeliva8655
@eolandeeliva8655 4 жыл бұрын
Oh PLEASE stand in front of the Pacific Ocean instead of Australia.
@robmcilroy1894
@robmcilroy1894 4 жыл бұрын
Carbon tax is bs. Simple fact is resource demand negates price. With carbon into the atmosphere increasing every year ,even with carbon tax in place shows this. All that is happening is those that are higher on the food chain get to carry on as usual. What has to happen is the stuff has to be left in the ground,anything else increases CO2 production ,pretty simple really. I would even propose that an increase in tax actually promotes consumption as it makes it a more valuable commodity to trade and therefore viable to find more and pump it in to the economy. Fracking only occurs when the price and or demand allow it as it is at present relatively expensive to produce.
@Lorne.Mccuaig
@Lorne.Mccuaig 4 жыл бұрын
A carbon tax makes alternative green energy cheaper. Think about it, we can put a tax on internal combustion engine cars or subsidize EV's and should, but a tax is universally punitive on all upstream/downstream products that have emissions. What this does, is force refineries and O & G companies to clean up their act with emissions up and downstream. To say the carbon tax is BS is to ignore also, the fact that we will need hydrocarbons going forward into a carbon neutral world but what decides which hydrocarbons will survive once upstream emissions are tackled, is their downstream emissions. Essentially, unburned hydrocarbons will have a future while burned hydrocarbons will not over time. Take for example, plastics that mostly end up in landfills, or synthetic oil that is 84% recycled or asphalt that ends up in a landfill over, say, light crude distilled into gas and diesel and you'll see my point.
@robmcilroy1894
@robmcilroy1894 4 жыл бұрын
@@Lorne.Mccuaigyes carbon tax makes it more expensive which also makes producing renewables more expensive to produce Everything gets inflated but it doesn't stop oil production,if anything it increases as it becomes a more valuable commodity. How many white rhino's are left? And how much of thats is related to there exclusivity. It just makes that rhino horn so much more valuable. We actually need to stop using fossil fuels generally. This goes beyond just CO2 emissions . Our food production and therefore population is related to fossil fuel industrialisation. I maintain that carbon taxes do not reduce consumption, but it just changes whom in society pays the bill. Demand and consumption are the problem ,not the price. Maybe stopping subsidising the oil industry may be a better first response? Oil industry doesn't like subsidies mentioned but don't seem to mind carbon taxes, hmm I wonder ,why? If countries prevented new oil exploration by not issuing permits ,that might help?The world economy is tied to the Petro dollar probably soon to be the Petro yuan and shows how intrigally we are tied to oil in all its polluting forms.
@Lorne.Mccuaig
@Lorne.Mccuaig 4 жыл бұрын
@@robmcilroy1894 The tax gets priced initially in making one think hydrocarbons become more valuable as a commodity but its not to the producer and it is a commodity subject to supply/demand. As hydrocarbon market share gives way to green energy/tech, demand wanes and prices fall. If the world is to get serious about heading towards carbon neutrality, a carbon tax is necessary. (as are getting away from subsidizing the oil industry but most of these subsidies come by way of tax breaks, not direct subsidies) Using the carbon tax to subsidize a major reduction in emissions from all carbon sources (cement, manufacturing, refineries, agriculture, O & G) is where the money should be spent, as well as programs for roof top solar and greening homes etc.. Relying on regulatory forces to do this, although a major component in all this, is not enough and I can't stress the importance of knowing the winners and losers with hydrocarbon production in a world headed toward carbon neutrality. Hydrocarbons that are produced to be later burned such as light crude distilled into gas and diesel for the most part, is at a major risk to devaluation or a loser, much like coal is already and so it should be. Extra heavy crude oil on the other hand, has a future because its upstream emissions can be dramatically reduced with today's existing tech while the downstream products remain largely unburned (synthetic oil, asphalt, composites, some plastics, etc.)
@chesterfinecat7588
@chesterfinecat7588 4 жыл бұрын
If those slaves didn't waste so much corn this farm would do better.
@robertcartwright8165
@robertcartwright8165 4 жыл бұрын
That's some fine language! If you don't mind, I'm going to try to remember it and use it myself.
@williamandrews1644
@williamandrews1644 4 жыл бұрын
OH PLEASE it is a back door tax to add on to back door bills when one listens to open debate on man made climate change with scientists who have studied the climate for 30 40 50 years you start to understand the plan carbon tax on the working poor
@grindupBaker
@grindupBaker 4 жыл бұрын
The DIY store is doing a special on punctuation this week. You get 2 free Os and 5 commas with every four candles you buy.
@williamandrews1644
@williamandrews1644 4 жыл бұрын
@@grindupBaker The DIY store is doing a special on HOW TO UNDERSTAND LOGICAL COMMON SENSE der
@jthadcast
@jthadcast 4 жыл бұрын
carbon tax is doa. you want to reduce emissions ... ration it.
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