One weird trick to fix climate change: Close the offshore wealth loophole
“When you have big, powerful oil and gas firms that are also backing a carbon tax, that should be a signal that the ideal conditions under which such a policy could function will likely not materialize, because these interests are very powerful, and they’re so entrenched in the governments that are trying to regulate them.”
…
“If you try to isolate how much emissions fell because of the EU’s Emissions Trading System, estimates have only placed it at around one to three percent per year, which is not a lot.”