00:00:01
if China actually moves to a carbon tax
00:00:04
how does that uh reflect on us as a
00:00:06
country and uh everybody is is watching
00:00:09
what California is doing now with that
00:00:12
carbon carbon uh trade system um and the
00:00:16
question is whether we can scale what
00:00:18
California is doing to the US uh I'm not
00:00:21
sure now that we have the political will
00:00:22
to do that but now if you forget about
00:00:25
the federal level and think about state
00:00:27
level California has that system Europe
00:00:30
as that system The Province and Quebec
00:00:32
of Quebec just jointly uh interacted
00:00:35
with California now so you can actually
00:00:37
exchange permit between Quebec and
00:00:39
California and there would be other uh
00:00:42
multilateral uh relationship like that
00:00:45
so maybe we will never have that system
00:00:48
at the federal level in the US but maybe
00:00:50
you know five or 10 years down the road
00:00:52
uh 10 or 15 states in the E will be
00:00:54
exchanges carbon permit uh at a level
00:00:57
that will not impact the business
00:00:59
hopefully
00:01:03
[Music]
