Can someone explain how carbon taxes offset the negative environmental impact fossil fuels have on our environment?
In: 6
overall they do nothing to offset it.
they are meant to discourage abusing on emissions by fining companies going over the limit and these funds collected in this manner are meant to be used in initiatives to fund “greener” tech.the intent is not going green should be more expensive to incentivize change.
the problem is that this setup is completely undermined by the fact these same companies can buy ” carbon credits” and this expenditure is then passed along to consumers..
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