1/ Let’s talk first abt how incredibly over-hyped carbon pricing is. Many EU nations have both emissions trading AND a tax. Research shows emissions in countries w ETS and no tax decline FASTER than those with ETS + tax. https://www.tandfonline.com/doi/full/10.1080/14693062.2018.1492897">https://www.tandfonline.com/doi/full/...
3/ Consuming less fossil energy is great, but getting “people to adjust their habits” won’t fix the problem. Decarbonization will not be driven by consumer behavior.
4/ C pricing promotes fuel *switching* -- to other #fossilfuels. No evidence that it results in firms abandoning them. https://ascelibrary.org/doi/abs/10.1061/%28ASCE%290733-9402%282008%29134%3A2%2840%29">https://ascelibrary.org/doi/abs/1...
7/ Also there& #39;s the question of actually generating political will to implement this among a core group of states. See my discussion of Nordhaus on this https://twitter.com/greenprofgreen/status/1250419963451461636">https://twitter.com/greenprof...
8/ So gee, what could we do instead of pricing carbon? Something that’s good for climate…something economically efficient? Hmm.. I don’t know, maybe END FOSSIL FUEL SUBSIDIES? https://www.nature.com/articles/s41586-019-1920-x">https://www.nature.com/articles/...
9/ What else could we do? With NEGATIVE oil prices, there’s never been a cheaper time to nationalize the oil industry. Nationalization won’t solve all our problems, but it’s a start. Cc @katearonoff https://twitter.com/MarkVinPaul/status/1239622327035461632">https://twitter.com/MarkVinPa...
10/ Along w/ c pricing, they suggest “simplifying & eliminating regulations.” Translation: less pressure on firms to *actually* decarbonize.
11/ Research shows that carbon pricing does much less to reduce emissions than other command and control regulations. Get rid of those regulations and we’re all (even more) screwed, climate wise. http://dx.doi.org/10.1177/0096340214546832">https://dx.doi.org/10.1177/0...
12/ Regulations, contra their assertions, can be immensely effective in reducing emissions. See especially fuel efficiency standards and renewable portfolio standards.
13/ Authors also don’t miss an opportunity for BRIC bashing, calling on them to “do their fair share. Two words on this: HISTORICAL EMISSIONS. Just stop w/ that shit already.
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