Carbon tax and other financial carbon mitigation strategies
Reintroduce carbon taxes. Its a no brainer.
In combination with other pollution and waste taxes.
What do we do with the money generated? Two possibilities. A
proportion of it will be used for direct investment in carbon
mitigation schemes. However the largest proportion should be paid
back to people of tax paying age as lump sum cheques - with
everyone getting the same amount regardless of their income or the
amount of carbon they generated. The poor will get the same as the
rich. This will compensate for their additional costs from the
carbon tax and make it more attractive to the people - though
perhaps not the rich. Being a flat lump sum it will not give more
money to the rich who probably generated more atmospheric carbon
than the poor.
And also introduce a carbon credits system, to be able to pay new
industries that undertake carbon sequestration, such as biochar
and direct air carbon capture and storage (DACCS) or biological
energy carbon capture and storage (BECCS).
And also regulation of carbon polluting industries to guarantee
reductions in carbon in a systematic way on a required timetable.
To ensure that the less definite carbon reductions due to carbon
taxes are actually achieved in a timely manner.
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