

To be fair Trudeau also put caps on extraction.
Carbon Taxes will never work without a parallel system to reward cutting carbon though. You can’t just tax the externality without adding incentives on the other side of the equation. Unfortunately most people hate the idea of a Carbon Coin.
There isn’t a third option at this point though. China’s advanced fabs should be coming online by the end of the decade and will have a fully integrated supply chain. Especially since they found the silica they need. Which until last month was an absolute monopoly controlled by the USA.
So you really have only two choices. The West or China.