Carbon border tax adjustments are required to prevent dirty foreign competition from beating courageous domestic corporations going green. It could lead to foreign custom toll retaliations. COP21 was suppose to level the playground, but...
Energy-efficiency short-term targets have been discuss in a previous section. Some governments have announced full phasing out by 2030 or 2050, depending of the dirty product type (e.g., gasoline car or natural gas water...
Many people feel left behind. They elect officials focused on inequality more than on global warming. These people won’t easily accept any carbon regulation that should not include compensation for the low middle class...
The share of energy is larger in the budget of the poor. Thus, any regulation on energy to prevent global warming would burden them more than the rich. Governments haven’t figured out a way...
A serious carbon tax hike would be required to modify energy consumption habits. Economists warn that a drastic carbon tax hike could put the economy on its knees. Their plans (punishing carbon pricing, phony...
Carbon-pricing experiments are happening in the EU or in some US states as mention in a previous section about current progress. The main difficulty of the carbon tax is how to introduce it into...
Despite the help from subsidies, prices have not yet gone down enough to create a mass market, aside from niche products for the green elites (e.g., Tesla cars or solar panels for home owners)....
Subsidies are intended to accelerate the spread of green products into markets in two ways: -Subsidies should promote green products to compete with hydrocarbon products and start selling. -Scaling up production should help the...
Prices of green products are going down, but they are still expensive. Even with proper financing (i.e., leasing, loans), the upfront cost of renewable energy and green products can’t compete with hydrocarbon products and...
The rich elites of the cities are get richer, while the wages of the middle class in the Midwest stagnate. Many economists point at mechanization and robotics as an important culprit of this trend....