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If implemented all over the world, the top price would raise about trillion – more than the UK’s and Germany’s gross domestic products, but less than Japan’s – although the report suggested poorer countries might charge less.
Currently about 85 per cent of carbon dioxide emissions are not subject to a tax – while the fossil fuel sector receives subsidies of up to an estimated .3 trillion.
A global carbon tax that would raise trillions of dollars if applied across the world should be introduced if the world is to avoid dangerous climate change, 13 leading economists have said in a new report.
Led by Professor Nicholas Stern, who produced the groundbreaking Stern Report in 2006, and Professor Joseph Stiglitz, who won the Nobel Prize for economics in 2001, the experts suggested a price for a tonne of carbon dioxide of to 0 (£39-78) by 2030.
I might add effects on water systems (although the real end results of this effect as far as humans are concerned is crop sustainability, etc. Further to your point, I increasingly agree with the argument that we don't know from a planning perspective what will result from upcoming scarcity, and civil unrest can come from any number of sources.
Top down imposition may not be the answer to fossil fuel scarcity.
All that said, i personally can't yet get my head around the right public policy actions to mitigate environmental impacts.
“Reducing fossil fuel subsidies is another essential step toward carbon pricing – in effect, these subsidies are similar to a negative emissions price,” it said.
There is so much we don't know about how cultures and technologies will evolve as fossil fuels become scarce.
The possibility of future price fluctuations & civil unrest does not seem to me to be a good reason for current public policies to limit consumption.
The conversation concludes with discussions of other concerns of Laughlin's--the outlawing via legislation and taboo of certain forms of knowledge, and the practice of reductionism rather than emergence in the physical sciences.
Personally, I'm a bit cynical about the future doomsday social scenarios of fossil fuel scarcity.