Well yeah obviously. The entire point of the scheme is to lower our coal usage by shifting into less economically efficient forms of energy. That strictly implies lower overall economic output.
If fact, any emission-lowering scheme (besides funding new technology) will lower economic output.
But the question at hand is if the sale of assets itself would cause economic output to go down, if the billionaires selling their stock and purchasing land rights would somehow destroy value. And the answer is clearly no.
If fact, any emission-lowering scheme (besides funding new technology) will lower economic output.
But the question at hand is if the sale of assets itself would cause economic output to go down, if the billionaires selling their stock and purchasing land rights would somehow destroy value. And the answer is clearly no.