ClimaTax Emission Reductions
Real-Zero by 2035
Revenues generated through a global climate tax, re-invested at 40% into buiding a renewable energy infrastructure, lead to real-zero GHG emissions between 2032 amd 2037.
The rate of reduction depends on the tax levied per ton of CO2 equivalent
Climate Tax per ton of CO2 equivalent
Climate Tax per ton of CO2 equivalent leading to the above scenarios.
Considering all impacts, including economic impacts, the “hard” scenario seems to be the most feasible.
Climate Tax Energy Mix
ClimaTax primary energy consumption
Under the Global Climate Tax scheme, the energy mix will be purely renewable after 2035.
The drop in PRIMARY energy usage is explained by the much higher efficiency rate of electric appliances (close to 100%) vs. the efficiency rate of fossil-powered appliances (~35%), limited by the laws of thermo-physics .
The end-user will have the same energy END-USER CONSUMPTION at his disposal than before. Only much cheaper.
Business-as-usual primary energy consumption
While the installation of renewable energy is expecte3d to rise significantely due to the significantely lower cost of renewables, the energy mix will remain dominated by fossil fuels for the foreseeable future without significant market intervention.
