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Do we not realize the massive incentives Bitcoin is providing for energy production? If we could just agree to tax carbon emissions (the thing most of the world agrees is bad), then we should encourage this behavior as much as possible.

We’re creating a wonderful scenario where miners would be investing in as much cheap energy as possible. If their cost gets to close to average, then they can just leave it to the market.

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Miners are interesting in extracting the cheap energy from the market. There's literally no incentive for any of that benefit to fall to anyone else, and in fact using up low-carbon electricity for cryptocurrency PoW "mining" takes away the benefits of the low-carbon investment from everyone else.

It would still increase energy costs for everyone.

Not if it creates a race to the bottom on energy production. The miner that wins is the miner with the cheapest energy that can scale.

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