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Comment by bscphil

> Current cost of CO2 is ~$185/ton emitted.

Wow. Back of the envelope math suggests that driving a typical passenger car 1000 miles should carry a tax of ~$75, which would be no small burden. At 40 mpg, gasoline cost for such a trip is less than $200 in most of the U.S. right now.

Edit: actually if you assume 40 mpg the social cost of emissions is closer to $40.

(Of course in practice you'd want to handle this as a tax on gasoline purchases, but that would need to be implemented federally to be effective, probably.)

parent bscphil 2 years ago

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