How to make yourself richer and protect the planet – Elevator Pitches
“To generate climate dividends, Barnes would implement a hard, declining carbon cap. (A tax …, he says, is not enough …) Permits would be auctioned … to upstream sources, where carbon enters the economy. As the number of permits declined, permits would [increase in] value… and dividends would increase, driving a virtuous … cycle that brings public support behind carbon reduction”
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