A recent rate case in NM could be the poster child for how badly we need price on carbon. My previous employer URENCO is concerned about higher electric rates so they tried to kill a 1GW wind farm because there was the POTENTIAL of an increase of $0.00025/kWh in rates. No where in the rate case was any consideration for the massive external costs of our addiction to fossil fuels. A $100/ton tax would have made the wind farm a 'no-brainer' economically. The consensus for how much CO2 is costing us in terms of wildfires, flooding, droughts, civil unrest, famine, refugees, rising sea levels etc, etc
I wasn't logged in, so I guess guess the ignore list didn't kick in. Interesting post. Slanted of course, but interesting.
If we take your post literally, the economic "no-brainer" for URENCO was the attempt at killing a project that could have potentially costed them an increase of $0.00025 /kWh. Limited to that scope - it makes perfect sense.
I'm not opposed to pricing carbon / carbon taxes, only the way these taxes are sometimes implemented, and revenue distributed. In Alberta, we now pay carbon tax:
So everyone pays their fair share, and all the money collected goes to fight climate change, right? Nope. If you make less than $47,500 per year in Alberta, you get a Carbon levy rebate cheque every three months. Doesn't matter if you live in an apartment cranked up to 80 degrees in winter with the windows open. Doesn't matter if you drive an old diesel truck, or how much you drive it. You don't need to be environmentally responsible in any way - the only requirement is that you earn less than $47,500 per year. (or $95,000 as a couple).
I have 41 solar panels on my roof. Have planted trees. Have rain barrels. Grow some of our own food, and drive an electric car. Simply because my wife and I make over $95,000 per year - we don't get a rebate. My brother in law however, who burns firewood all winter in his wood stove to lower his natural gas bill however - does get a rebate.
Our Alberta government constantly high-fives themselves for being leaders on climate change. In my opinion, they are leaders disguising wealth distribution as a climate change solution.