We agree on ending subsidies for the FF cos. The biggest one of all is the right to pollute for free.
It's not an either-or choice. FF subsidies of all kinds, direct and indirect, should be ended ASAP, and a socially just carbon price put in place, also ASAP. Plus other stuff needs to be done, like stronger methane regulation, among othe…
We agree on ending subsidies for the FF cos. The biggest one of all is the right to pollute for free.
It's not an either-or choice. FF subsidies of all kinds, direct and indirect, should be ended ASAP, and a socially just carbon price put in place, also ASAP. Plus other stuff needs to be done, like stronger methane regulation, among others, as you've suggested. These policies are mutually supportive.
If fracking companies see that the cost of their product is going to rise steeply for structural reasons (e.g., an annually increasing fee), then they would stop investing in new wells and pipelines pretty much immediately. Businesses of all sorts would innovate like crazy to squeeze carbon costs out of their supply chains, putting further pressure on the FF cos. The FF fee would also make renewables spectacularly more economic. It would be the inverse of what is happening to coal, economically.
How would the FF cos know that the increasing fee wouldn't be rescinded by a future administration? Because the monthly dividend to taxpayers would be financially net positive for virtually everyone making less than the median income. It would be like getting a Social Security payment (although a lot smaller at first), and so would be politically durable like Soc Sec is.
We agree on ending subsidies for the FF cos. The biggest one of all is the right to pollute for free.
It's not an either-or choice. FF subsidies of all kinds, direct and indirect, should be ended ASAP, and a socially just carbon price put in place, also ASAP. Plus other stuff needs to be done, like stronger methane regulation, among others, as you've suggested. These policies are mutually supportive.
If fracking companies see that the cost of their product is going to rise steeply for structural reasons (e.g., an annually increasing fee), then they would stop investing in new wells and pipelines pretty much immediately. Businesses of all sorts would innovate like crazy to squeeze carbon costs out of their supply chains, putting further pressure on the FF cos. The FF fee would also make renewables spectacularly more economic. It would be the inverse of what is happening to coal, economically.
How would the FF cos know that the increasing fee wouldn't be rescinded by a future administration? Because the monthly dividend to taxpayers would be financially net positive for virtually everyone making less than the median income. It would be like getting a Social Security payment (although a lot smaller at first), and so would be politically durable like Soc Sec is.