Agree with this. From a political perspective, tying a carbon tax to any other progressive or conservative policy makes it less likely to succeed.
Ideally the carbon tax should fund...nothing! A pure dividend, all monies repaid to everyone. Climate change requires long term thinking, which means it requires an enduring institution, like Social Security. It must not be entangled with the vagaries of the political moment.
The change will be incremental, policy makers will have time to see that the funding is evaporating and identify alternative sources. For example, increased GDP from an economy no longer plagued by pollution and the devastating weather events caused by climate change.
Doesn't that mean there will be less carbon tax revenue, because we've compelled companies to be more green?
Who pays for the UBI then?