https://www.reuters.com/business/en...imate-change-ahead-glasgow-summit-2021-09-17/
I saw in my research this 50% goal floated by several countries, including Japan, Canada, and South Korea. The problem is that none of these countries have shown any progress in emission levels that would suggest that they would be on track for this kind of reduction in less than 9 years.
Increasing the price on pollution IMO isn't going to do too much. Think about it: the last time gas prices skyrocketed, what did you do?
Did you buy an electric car? Did you start biking or taking the bus to work?
Chances are You Might have made some small changes, but probably not enough to cut your carbon footprint by half. Instead, you may have cut back in other areas of your budget.
And that's the problem with a carbon tax; people may just end up paying more for gas instead of cutting back on emissions.
Biden announced in April a new target to reduce U.S. greenhouse gas emissions 50%-52% by 2030 compared with 2005 levels.
I saw in my research this 50% goal floated by several countries, including Japan, Canada, and South Korea. The problem is that none of these countries have shown any progress in emission levels that would suggest that they would be on track for this kind of reduction in less than 9 years.
Increasing the price on pollution IMO isn't going to do too much. Think about it: the last time gas prices skyrocketed, what did you do?
Did you buy an electric car? Did you start biking or taking the bus to work?
Chances are You Might have made some small changes, but probably not enough to cut your carbon footprint by half. Instead, you may have cut back in other areas of your budget.
And that's the problem with a carbon tax; people may just end up paying more for gas instead of cutting back on emissions.