Goldman Sets The Stage For Climate Change Taxes Under A Biden Administration | Zero Hedge
Goldman’s conclusion: there is great news, and global emissions will drop sharply… all that is needed is some aggressive combination of taxes and subsidies:
Taken together, our estimates imply that a combination of a carbon tax and green subsidies could reduce emissions by 45% over the next 15 20 years. This 45% reduction over the next 15-20 years would be a major step in the direction of net carbon neutrality over the longer 30-40 year horizon targeted by governments, at which point negative emissions technologies such as carbon capture and storage could also play a large role. In short, our analysis suggests that a combination of carbon taxes and green subsidies can help the world achieve its increasingly ambitious targets for emissions reductions.
After all that, just one open question remains: how will Goldman wiggle its way into extracting 2-3% from every “climate change” tax and subsidy transaction soon to be imposed on the middle class by the Biden administration. We expect to have the answer shortly.
Two to three percent is a small price to pay for having such inspirirational leaders.