Comment by Findecanor
17 hours ago
We have needed tariffs for many years now. The EU has some tariffs on imports, but they are only used to level the playing field for companies in EU countries with emission rules against companies in countries without, and only in some select industries.
They need to apply overall, on all goods and services.
And emission limits need to be progressive over time, with a limit for each year, not just "x% at year 2030".
Cap and trade is so much more efficient. It allocates fossil fuels to the places where replacing it would be most expensive, without central planning.
And slowly raising the price on a smooth forward looking schedule lets businesses make rational choices about budgeting for that or for migrating to greener options.
Companies are excellent at adapting to acheive their best interests, to any predictable continuous (as apposed to discontinuous) economic change. Especially when it is a market based change, as that creates a level playing field.