…but it’s not ‘Cap&Trade’ or any other kind of payment for ‘Carbon Offsets’.
Source: Carbon offsets don’t work, and that’s not news | Climate & Capitalism
The only real way to stop CO2 emissions (or any other environmental damage) is to charge polluters the full cost of remediation of all such “externalities” by way of a recovery fee or tax based on whatever it would cost, using currently available technology, to reverse whatever environmental effects they have created.
One thing that bothers me about the nuclear industry is their constant whining about how the the onerous cost of regulations is what makes their product uneconomic, with the implication that such regulations should be relaxed for them rather than just being made similarly strict for all human enterprises.
Much (though by no means all) of what is wrong with “capitalism” as currently implemented is due to the gifting to industrialists of the right to benefit from having the externalities of their activities leading to a reduction of common wealth; and if the value so extracted were restored to all of us by way of a universal compensation payment, it would go a long way towards reducing the extremes of inequity at the low end of the income scale.