The idea that the very real environmental costs of EV input extraction somehow mean the net impact is higher than oil extraction and use is extremely funny.https://twitter.com/EnergzdEconomy/status/1395753299958276109 …
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I do think Javier's point about increasing capex being unsustainable for the e&p industry is basically correct tho--in a world where consumption is dropping YoY the question is whether returns can be made up on renewables in a way that doesn't require divi cuts from supermajors
gang for becoming anti-capitalist de-growthers I suppose, impressive ideology shift there.
I also as a general rule also agree that while supply side can provide solutions, addressing the demand side with carbon pricing is an overall preferable solution
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Agreed albeit only in a very abstract sense - I think that to make the kind of carbon pricing scheme that I'm typically hearing of pol./socially feasible in the ways that'd actually make the desired impact would require such a massive reorientation it could be redundant itself
Thanks. Twitter will use this to make your timeline better. UndoUndo
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My favorite tax policy idea is a revenue neutral carbon tax that escalates per ton over the years, and entirely offsets payroll taxes. Zero net deficit impact, subsidizes labor at the expense of carbon.
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Agree, though my preferred flavor of this idea is an income tax rebate that only applies to your first 40k in income, steepens the tax curve and also keeps a little more revenue for uncle sam
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