The trouble (IMO) with carbon tax on consumers is that it assumes demand (e.g. for driving your car) is elastic, when we know it's actually pretty inelastic.
We actually have decades of data of inflation-adjusted increase in fuel price positively correlated with increase in driving, from all over the world.
Carbon tax on businesses though, I think are much better - certainly they are if it spurs them to do stuff like carbon capture, or installing on-site renewables, etc.
We actually have decades of data of inflation-adjusted increase in fuel price positively correlated with increase in driving, from all over the world.
Carbon tax on businesses though, I think are much better - certainly they are if it spurs them to do stuff like carbon capture, or installing on-site renewables, etc.