• Spzi@lemm.ee
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    1 year ago

    Let’s fix that with carbon pricing: tax & dividend, applies to emissions but also captured atmospheric carbon, stored underground.

    So every participant in the carbon marked pays for what they emit.

    The revenue can be split among:

    • Funding removal
    • Distribute per capita to make the tax progressive
    • Fund things like renewables

    This could

    • make it profitable to run efficient carbon removal
    • net pay people who manage to live a low-footprint life

    It always would

    • create incentives for everyone involved (private people, investors, corporations, research) to make decisions which reduce emissions, if only to save / earn money.

    Price point: Take the current average price for removing one unit of greenhouse gas. Emitting one unit costs that much, increased by a factor (to fund more than just removal, or to achieve negative emissions).