Re: [Pen-l] response to global warming. was European carbon market crashing

[Jim Devine <jdevine03@xxxxxxxxx>]

Gene Coyle wrote:
> Jim, the obvious answer to your "What is that something?" is income.

So if there's a significant carbon tax imposed, that would _raise_
incomes, causing an increase in the demand for carbon-based fuels
(assuming that these are "normal" goods)? This might happen if the
carbon tax were imposed as part of some larger program. But what was
Tom thinking about what was happening when he wrote the following?

> we can produce cleaner energy... and the cleaner we can make it the more we'll use.<

Maybe cleaner energy would be less expensive on the market than what
we use now (breaking _my_ assumption). But if "cleaner" means
"internalizing externalities," I don't see how that can be. If coal
producers are forced to pay the full cost of their operations, those
operations would likely be restricted, hiking the price of coal.
-- 
Jim Devine / "Disbelief in magic can force a poor soul into believing
in government and business."  -- Tom Robbins
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