Bill Gates wants a huge carbon tax

1 month ago
26

"There's no doubt today if you tried to make hydrocarbons illegal that the voters would rebel against that. They like driving to work, there's a variety of practical things and there is a demand there. The ideal is that you set a carbon tax that's the size as what it takes to do direct air capture...Whenever voters are tested like in France, you put on a diesel tax, well they say: "Those people in the city are richer than me, they somehow should pay for this." In Germany when you say: "Ok, we're gonna make you buy electric heat pumps", they back off from it. If you try to do climate things brute force, you'll sometimes get people to say: "Hey, I like climate, I'm for climate but I don't want to bear that cost and reduce my standard of living."
I believe we should spend a lot of money on climate change, I believe we should have very high carbon taxes. The political realities are such that without innovation it's unlikely, particularly middle income countries that the brute force approach will be successful."

Loading 1 comment...