But, once everyone starts buying $12/ton credits, the price will spiral upwards. In a market where few are buying, the price is cheap. Once we’re locked into an ever-widening obligation to buy, watch out.
So, we will just have to subsidize carbon credits for the working poor, who can't afford to pay the escalating prices. After all, a carbon-neutral lifestyle is a right!
The rich, of course, are screwed, as always.