I kinda assumed that since the goal was to reduce total emissions, the personal allowance would take that into account, so even if all credits are traded, you'd still see a reduction. Also, as efforts are made to consume more, you'd see the price rising (like an auction), so at every step a cheaper option (lower carbon) would become available, effectively pricing out some carbon consumption/emission.Stinsy wrote: ↑Fri Nov 12, 2021 11:02 amThe big problem with a tradable system of carbon credits is that everyone will immediately sell them and carry on exactly as before. It'll be exactly the same as adding extra tax on flights/fuel.Mart wrote: ↑Fri Nov 12, 2021 9:47 amI've always liked this idea in theory, but the complexity would have been hard. But these days when we are able to move money via mobile phones, and even trade cryptocurrencies, am I right in thinking (because I don't understand these trading platforms) that monitring and trading carbon vouchers would be pretty easy?Bugtownboy wrote: ↑Fri Nov 12, 2021 9:09 am What’s wrong with a personal Carbon quota ? Apply to every consumable, including fuel. Everyone gets the same annual allowance, but they can be transferred/traded/saved.
Surely if we have to meet a Carbon target it’s, ok maybe idealistic, way of achieving it equitably.
Have we mentioned these before, if so, apologies for repetition, but perhaps funds from selling carbon vouchers, if spent on home energy improvements, could get a bump up from the Gov. I'm sure there could be a 101 ways to create a virtuous circle around this.
Just a thought, but would we all start driving at about 45mph along the motorways?
Over time you'd simply reduce the personal allowance. It's close but not exactly the same as a carbon tax, but it would penalise higher users at ever higher prices, and hopefully bring in monies for the lower users, either because they can't afford to consume as much (such as a holiday flight), or they choose not too for environmental reasons.
For instance, if a carbon tax doubled the cost of energy, then low users would still pay twice as much, and wealthy high users would pay twice as much. But under an allowance based system, low users may not see any increase, possibly earning some money, whilst the high users could end up paying many, many times more as they fight over the extra units in a bidding war.
Well, that's the hope/theory anyway.