Thank you for your comments. I absolutely agree that low-cost efficiency projects should be implemented to deal with the demand side of emissions. I also agree that there is a political perception that carbon pricing cannot be put in place in the near term due to depressed economic conditions. However, there are several fallacies in seeing carbon pricing as expensive.
First, short-term negative impacts on vulnerable populations can be dealt with through a partial refund of the tax. Second, economic calculations of the depressive effects of steep carbon pricing often entirely discount the negative impacts of fossil fuel extraction including the costs to the economy of immediate local health effects (see here for a report on the economic burden of asthma alone), tangible negative impacts of climate change, and stimulatory effects of the emergence of new industries investment needed for a clean energy transition.
Environmental Markets Advisory
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