Rewarding emissions reductions is a pretty weird perverse incentive. Those who emit the most await the greatest reward. Carbon credits are in general pretty stupid, a carbon tax is what is needed.
Sometimes I think we should have only an LVT and a carbon tax. Every year the government would tally up how much it spent and send out bills for land ownership and carbon emissions. There would be no deficits, the goverment would necessarilly collect as much as it spent (with the exception of non payment), and it would eliminate all need for any tax beurocracy and record keeping.
Sometimes I think we should have only an LVT and a carbon tax. Every year the government would tally up how much it spent and send out bills for land ownership and carbon emissions. There would be no deficits, the goverment would necessarilly collect as much as it spent (with the exception of non payment), and it would eliminate all need for any tax beurocracy and record keeping.