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Reward the frugal and charge the profligate : Comments
By Kevin Cox, published 6/3/2008There is a way to create a positive feedback loop where saving greenhouse gases generates more savings.
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What I tried to do was to point out that all forms of carbon trading, emissions permits etc. are unnecessary. Let us get them out of our minds as there is a simpler way. Whether trading will work or how it will work does not matter if there is a better way of solving the problem.
We have to invest in renewables. That is what carbon trading in all its forms is trying to encourage.
Another way of encouraging investment is to tag some money that can ONLY be used to invest in renewables. This is such a simple idea that according to Occam it likely to be effective.