Tuesday, 3 March 2020

HERE'S WHY A TAX ON CO2 WON'T WORK

This article explains why a CO2 tax just won't work. Here is an extract: 

"The sole purpose of a carbon dioxide tax is to dramatically reduce or eliminate carbon dioxide emissions. To do this, a carbon dioxide tax must make conventional energy so expensive that wind and solar power become a bargain by comparison. Yet wind and solar power are currently more than twice as expensive as conventional energy. So, the net result of a carbon dioxide tax will be to send electricity and gasoline prices through the roof. Not only will people have to pay much more in direct electricity bills and gasoline prices, but goods and services throughout the economy will become much more expensive as high energy prices will raise production costs for virtually all goods and services."

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