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View Diary: The Antarctic Half of the Global Thermohaline Circulation is Collapsing (215 comments)

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  •  The way to curb demand is with stiff excise taxes- (2+ / 0-)
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    Grainpaw, Rei

    start at 5% each of average retail price of energy a tax on greenhouse gas emissions and a tax on energy.  Keep raising both taxes by another 5% each every year until you reach maximum total consumer spending on energy with 85% total tax rate, 31.45% decrease in physical quantity demanded, and 26.8% higher total consumer spending on energy than baseline.  Use the extra consumer spending to buy smart grid components, wind, and solar all manufactured by MIC firms as consolation prize to make up for losing contracts for military pork our leaders no longer want., plus hire fossil fuel firms to have their drilling and fracking crews start on enhanced geothermal systems.  Use the decrease in physical quantity to pay electric transmission costs, buy displaced fossil fuel as mineral rights, and pay interest and depreciation on electric equipment still in use and still being depreciated.   Oil firms will deposit their taxes in escrow accounts to be drawn from to stop leaks and clean up spills until algal bio-fuels are ready to have fossil fuel firms start making them when the equipment will be sold to fossil fuel firms by federal government for 20% cash from those escrow accounts and 80% barter for fossil fuel reserves.

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