Can someone explain how carbon taxes offset the negative environmental impact fossil fuels have on our environment?
In: 6
It would raise prices of various polluting products like oil, plastics, cement, beef by taking into account their externalized costs. Like killing the world.
If oil is more expensive, it makes more sense to switch to cleaner alternatives.
The beauty of a carbon tax is that it depends on people be greedy, which is a pretty safe bet.
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