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I took a really great graduate economics course on global climate change policy last year.
I remember the "goal" set for price per ton of carbon was about $30. Ideally this cost would be internalized and the extra revenue from the tax used to go towards abatement management. The other big take away, was that without a large scientific breakthrough we're kind of toast. I really like the idea of taxing carbon and then exclusively using the revenue for R&D and efficiency improvements. It all starts with EVERYONE buying in. And that is definitely the hardest part as we live short, finite lives.
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