Hank: equal carbon-dividend checks will probably cause tension, as rural people use more energy (2021)
prediction · status: unresolved · last event: predicted (2021-08-13) · owner: Hank
In August 2021 Hank guessed that equal carbon-dividend checks would probably cause some tension, since rural people use more energy than city dwellers.
About: carbon fee and dividend
| date | event | what | video |
|---|---|---|---|
| 2021-08-13 | predicted | Hank thinks the lack of fairness will probably cause some tension, adding 'just guessing'. (hedged) | How We Fix the Climate 00:07:40 |
What is said about it
9 statements, by date (the events above are the turns of the thread; these are the details).
- 2021-08-13 · How We Fix the Climate — Hank: Revenue can fund decarbonization, but since nobody likes a tax raising heating and commuting costs, the more favoured plan is the carbon fee and dividend: everyone gets the same check. — 00:06:19
- 2021-08-13 · How We Fix the Climate — Hank: The dividend is not universal-basic-income sized but covers higher heating and driving costs for most lower-income people; it is not totally fair, since rural people use more energy yet get the same check. — 00:07:16
- 2021-08-13 · How We Fix the Climate — Hank: Since some industries are easier to decarbonize, cap and trade sets a cap on total emissions and distributes or sells tradable permits; as the cap falls, permits get scarcer and decarbonizing pays. — 00:07:47
- 2021-08-13 · How We Fix the Climate — Hank: Cap and trade worked extremely well at cutting sulfur dioxide from coal plants in the 1980s, which formed sulfuric acid, made rain acidic, wore away statues and killed forests. — 00:08:43
- 2021-08-13 · How We Fix the Climate — Hank: Cap and trade has issues (free credits, cheap unproven offsets, lobbying for carve-outs), but it works and is used worldwide; it is just more complicated than it sounds, and it also raises revenue. — 00:09:15
- 2021-08-13 · How We Fix the Climate — Hank: Both systems deliberately raise carbon's price to spur alternatives; people dislike rising prices that hit some harder, so it is hard though not impossible to win support. — 00:09:44
- 2021-08-13 · How We Fix the Climate — Hank: The most futuristic option pays people to prevent or capture emissions, which Kim Stanley Robinson calls carbon quantitative easing; with the Federal Reserve printing money, payment could even be a global carbon coin. — 00:10:13
- 2021-08-13 · How We Fix the Climate — Hank: Paying for removal needs a large anti-fraud bureaucracy, would pay fossil fuel companies and petro-states to keep carbon locked up, which feels unfair, and costs a tremendous amount. — 00:11:12
- 2021-08-13 · How We Fix the Climate — Hank: Frustratingly, all carbon pricing looks less and less likely in the US, partly because leaving it to the market gives little control: costs may fall on marginalized communities and benefits go to the well connected. — 00:11:12