Quote Originally Posted by dfopiso View Post
hi ka-tsikot, how will the economics be affected if developed countries started charging/taxing/levying carbon emission (if ever)?

- - - Updated - - -

hi ka-tsikot, how will the economics be affected if developed countries started charging/taxing/levying carbon emission (if ever)?
They already do.

You're already seeing the effects. Cars are getting more expensive to develop. Smaller car companies are dying. New ones have a hard time competing, except in third world markets. Car companies start making "Third World Only" models.

In the meantime, there is discrimination against products from Third World countries and China which have higher environmental impact... but that doesn't matter much, because the emerging consumer markets are all over here.

In other words, they're hurting themselves, and the rest of us are reaping the rewards. Carbon tax doesn't work unless everyone does it. This is the same reason we can't drop oil and coal. If your entire economy switches to renewables and your electricity and transport costs go up, you become less competitive compared to oil-guzzling. coal-burning nations. That's happening now, too.