“It’s near term effect would be making energy consuming activities more expensive relative to other activities. If these other activities will be of greater value in the future speeding up the transition is likely to be beneficial for the economy.”
How can increasing price sooner make higher prices later, better?
If so, why not do more of this?
And has it ever been done before and been beneficial?
It seems such a sooner increase will in addition increase prices in the future at higher price than they would be otherwise.
