POLI 222 Lecture Notes - Lecture 23: Carbon Footprint, Economic Efficiency, Global Warming
19 Oct 2018
School
Department
Course
Professor
Document Summary
Lecture 23 - bc carbon tax: regional reactions. Set a limit on emission and let the market determine permit prices. Set a price, let market determine emission reductions. Government sets a limit of emissions (certain number of tons) - cap part. Generate permits - everyone has a permit to produce so much, everyone can produce up to this amount but you cannot go over. If you go over, you need to have a permit to be able to do this. You buy it from someone who has underproduced. Tax: consumers will reduce "carbon footprint" by reducing demand on co2 intensive fuels. Generation of carbon emissions is a luxury in which you pay. Widest blanket of tax possible: if it is about fuel, you want to tax fuel that is all high carbon. Organized lobby by municipal officials against the carbon tax. Not much of an organized lobby by municipal officials. Geographic distribution of political organization/collective action (municipal officials)
