Meh. Other nations will probably just tax US imports to make up for it.
this post was submitted on 16 Jul 2023
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That mostly results in US goods being more expensive, making (checks notes) the totally carbon neutral goods from China more affordable.
Not if we enact a broad carbon tax 🤗
If you look at carbon intensity of GDP, the US is actually below global average and Europe especially western Europe is at about half of it. https://ourworldindata.org/grapher/co2-intensity
That obviously makes it a bad tool to pay for carbon debt, as it hurts poorer countries.
A just global carbon taxation system would need to take into account historical emissions.
I would just go for a carbon tax, without historic emissions and a wealth tax to hit the people who are actually benefiting from historic emissions. Thats propably about as fair as it gets.
Why would US paying anyone for anything?
How about US makes oil companies pay the treasury?
Don't global warming me to death, bro!
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