Focus on Climate Change! How to combat it? The price on carbon emissions could become the solution. Cap and permit system or carbon taxes? The first solution tries to fix the level of maximum emissions and allow the price to move, the second fix the price of emissions and let the emissions move. The author's proposal is for Cap and permits because the adjustment toward the high cost in line with the major emissions per capita (included the enterprises and governments) could be generating a much more equitable pure distributive effect from the money collected and foster the innovation. Clearly, the carbon dividend management requires a direct transfer to every citizen although not dictated, in the form of a fixed amount for each one. The lowest percentiles have a little gain in doing that, but as in the case of Alaska's permanent fund dividend the common good remains neutral at disposal in direction of a decarbonized economy through carbon rent; this formula could potentially be applied by the way in every single nation in reason to make cheaper the zero emissions technology. Alternatives distribution of the dividend is poorly considered due to the bureaucratization cost and politics timing. Fortunately, bipartisan virtues are emerging and are described here.
In summary a good read but little deep analysis of the specific application in the real world. Originally Published in 2019.
