this post was submitted on 12 Dec 2023
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False. Carbon taxes aren't a corporate penalty so much as a market manipulation tool. What you describe is precisely the expected behaviour.
Carbon prices raise the cost of things that are killing us to reduce their appeal in the market. We can then apply that revenue to less lethal alternatives to drive down their costs as well, doubling the positive effect on the market.
Indeed, they are a direct instrument to manipulate green premiums.