Tony Stark, Global Taxation Advocate: Elon Musk Just Demanded a Carbon Tax in Paris

tony-stark

Matthew DeBord reports: Tesla and SpaceX CEO Elon Musk gave a speech in Paris on Wednesday at the Sorbonne, and he called in no uncertain terms for a carbon tax.

“Musk isn’t a newcomer to the idea of a carbon tax. He’s been calling for one for years. But the evolution of his businesses and the advent of Tesla Energy, his power-storage undertaking, appear to have sharpened his pitch.”

“We have to fix the unpriced externality,” he told the audience, shifting into the wonky quasi-academic mode that he actually appears to enjoy indulging in, when he isn’t running two companies and serving as the Chairman of a third, Solar City.

[Also see – Elon Musk says the refugee crisis is ‘just a glimpse of what’s to come if we ignore climate change‘]

[Musk has never just been about building cars, or going to Mars, or applying solar power more widely]

His entire speech hinged on this simple observation: that the addition of carbon to the atmosphere is effectively a worldwide subsidy that’s contributing to global warming and preventing humanity from freeing itself from the fossil fuel era.

Musk in Paris Slide

[Read the full story here, at Business Insider]

Musk called this a “hidden carbon subsidy of $5.3 trillion per year,” citing the IMF. In response to questions after his speech, he said that a good outcome of the current UN Climate Summit (COP21) taking place in France would be that governments “put their foot down” and use a revenue neutral, gradually applied carbon tax to accelerate the shift from an economy driven by fossil fuels to one driven by sustainable energy.

Musk in Paris

ScreenshotThe “untaxed negative externality” is the right to put carbon into the atmosphere for free.

Musk is convinced that the current fossil fuel era will end — it’s just a question of when. In his analysis, the transition will occur simply because we’ll run out of carbon-based stuff that we can dig out of the ground and burn. But the existing carbon subsidy, in his estimation, is slowing down progress.

He called this, variously, “the dumbest experiment in history” and “madness.”

Musk isn’t a newcomer to the idea of a carbon tax. He’s been calling for one for years. But the evolution of his businesses and the advent of Tesla Energy, his power-storage undertaking, appear to have sharpened his pitch.

And it’s important to note that Musk has never just been about building cars, or going to Mars, or applying solar power more widely….(read more)

Source: Business Insider



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