http://www.geekactivism.com/2007/07/13/on-the-sky-trust/ A little activism, a lot of geek. Mon, 01 Dec 2008 21:25:19 +0000 http://wordpress.org/?v=2.6.2 http://www.geekactivism.com/2007/07/13/on-the-sky-trust/#comment-40697 Peter Barnes Sat, 14 Jul 2007 20:32:07 +0000 http://www.scienceaddiction.com/2007/07/13/on-the-sky-trust/#comment-40697 What Devanshu overlooks is that, for the next 30 years or so, dividends will rise as emissions go down. Less pollution = more revenue, not less. That's because the demand for carbon is inelastic — lower the supply and the price rises steeply. (Just ask OPEC if you doubt this.) By the time demand becomes elastic — less pollution = less revenue — we'll have a post-carbon economy and it won't matter. In any case, the sky trust will be legally required to LOWER the number of permits sold until the climate stabilizes. What Devanshu overlooks is that, for the next 30 years or so, dividends will rise as emissions go down. Less pollution = more revenue, not less. That’s because the demand for carbon is inelastic ââ�¬â�� lower the supply and the price rises steeply. (Just ask OPEC if you doubt this.) By the time demand becomes elastic ââ�¬â�� less pollution = less revenue ââ�¬â�� we’ll have a post-carbon economy and it won’t matter. In any case, the sky trust will be legally required to LOWER the number of permits sold until the climate stabilizes.

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