Many see a carbon tax as a solution to the climate crisis. This may not be the case as it will drag on the economy, which is flagging anyway. As we have seen in so many articles concerning the Green New Deal, it will be terminating austerity and investing in environmentally meaningful training, services, and infrastructure. A worrying idea was put to me yesterday. This is that for many people the Green New Deal might simply be a new form of austerity.
One reason given was that many people think it would result in the introduction of carbon taxes, and these are regressive. That might be austerity by any other name. This is one reason why I am really not very keen on such taxes.