Speaking to
students at the Sorbonne University in Paris, Elon Musk said we need a
price on carbon similar to the one abolished in Australia to halve the time it
will take to transition to renewable energy—a crucial step in addressing
climate change.
We have to “remove the effective subsidy of not pricing the
damage done by carbon pollution,” Musk said. “By putting a hidden carbon subsidy, we
are fixing a pricing error in the market,” he said. “Any price will be better
than the close to zero we have right now.”
Musk has advocated for a price on carbon to drive
investments in renewables for years. He told students that governments need to
“set the rules of the game” to help start-ups grow into mid-size companies and
eliminating the $3.5 trillion “hidden carbon subsidy” is a good place to start.
Read the EcoWatch
story - “Elon Musk: We Must Put a Price on Carbon to Expedite Transition to Renewables.”
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