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pnf | 3 years ago
Who is computing our environmental footprint? Are our interests aligned? Do our competitors also have to pay it? Is it computed the same for them? What is the penalty if we refuse to pay? Do loopholes exist and will they be exploited by our competition? Do tax programs already exist at a national level that go towards paying this footprint? Does such a cost necessitate operating above certain economies of scale to be in business at all? If we do business internationally, will we pay different costs in different jurisdictions? Is our footprint a net-bad thing or is our product a net-good whose footprint should be subsidized but isn't?
The question is likely one that many business will have to answer (whether they ask it or not) given the regulatory and financial controls being implemented by supranational governance.
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