<story><title>Europe makes shipping vessels pay for carbon emissions</title><url>https://www.maxinomics.com/blog/europe-makes-shipping-vessels-pay-for-carbon-emissions</url></story><parent_chain><item><author>xil3</author><text>Right, and who do you think will pay for this new tax? It&amp;#x27;s definitely not the importers and exporters - it&amp;#x27;s the end customers, because everything will go up in price. They&amp;#x27;re not going to absorb those fees.&lt;p&gt;The only ones making money here is the EU governments imposing this.</text></item><item><author>cube2222</author><text>As a European, I&amp;#x27;m so happy about this.&lt;p&gt;A system where emitters can ignore the actual cost of their externalities and push them down onto society at large to handle (through taxes) is broken.&lt;p&gt;This should also result in more funding around anything green tech related, when you actually have to pay the full price of the currently-used alternatives.&lt;p&gt;Ideally, there&amp;#x27;d be a market with buyers (capturers) and sellers (emitters) (with a negative price, so cash flows from seller to buyer, obviously) for carbon emissions where the price depends on the actual underlying cost of capture, but that will hopefully come in the future, when carbon capture is commercially viable.</text></item></parent_chain><comment><author>burnished</author><text>That’s the point - they have to pay the costs themselves, so if it turns out something isn’t important enough to be shipped at the ‘real price’ (including these externalities) then customers won’t pay for it. Instead of now, where everyone pays for it, and the real price is obfuscated.</text></comment>
<story><title>Europe makes shipping vessels pay for carbon emissions</title><url>https://www.maxinomics.com/blog/europe-makes-shipping-vessels-pay-for-carbon-emissions</url></story><parent_chain><item><author>xil3</author><text>Right, and who do you think will pay for this new tax? It&amp;#x27;s definitely not the importers and exporters - it&amp;#x27;s the end customers, because everything will go up in price. They&amp;#x27;re not going to absorb those fees.&lt;p&gt;The only ones making money here is the EU governments imposing this.</text></item><item><author>cube2222</author><text>As a European, I&amp;#x27;m so happy about this.&lt;p&gt;A system where emitters can ignore the actual cost of their externalities and push them down onto society at large to handle (through taxes) is broken.&lt;p&gt;This should also result in more funding around anything green tech related, when you actually have to pay the full price of the currently-used alternatives.&lt;p&gt;Ideally, there&amp;#x27;d be a market with buyers (capturers) and sellers (emitters) (with a negative price, so cash flows from seller to buyer, obviously) for carbon emissions where the price depends on the actual underlying cost of capture, but that will hopefully come in the future, when carbon capture is commercially viable.</text></item></parent_chain><comment><author>cube2222</author><text>&amp;gt; Right, and who do you think will pay for this new tax?&lt;p&gt;Consumers, of course, but not indirectly, with such a diluted notion of responsibility as it is now (by paying for externalities through general taxes). It will be priced into the products, as it should be.&lt;p&gt;This way products that are &amp;quot;greener&amp;quot; will be cheaper and people will have an incentive to buy them.&lt;p&gt;I have no problem with companies profiting off of the products they sell, or end customers paying for the actual cost of the product. It&amp;#x27;s just that a market without externalities having a price tag isn&amp;#x27;t a well-designed &amp;quot;free market&amp;quot;.</text></comment>