Filed under: Policy
An editorial in today’s Christian Science Monitor endorses a national carbon tax over cap-and-trade, noting that Sweden’s carbon tax has led that nation to cut emissions 9% while making its private sector a world leader in clean tech.
World oil markets are doing the US a favor by imposing a form of tax that challenges energy profligacy and disregard for the planet’s future. A gas price threshold has now been reached to influence behavior. SUV sales are down.and carpooling are up. More people want to live closer to work.
What do these lifestyle-altering trends signal? That Congress must impose a “carbon” tax on fossil-fuel use, from electric utilities to home furnaces to gas-guzzling vehicles.
Such a tax is a better tool than the alternative favored in Congress: a “cap and trade” system that would force only industries to curbwhile allowing cleaner companies to sell permits to more polluting ones. The system is complex, inflexible, and easily abused.
A global warming, while providing revenue for innovation in clean energy. In a February report, the found a carbon tax would be five times more effective in reducing carbon emissions than a cap-and-trade market.(with progressive rebates for the poor) would directly make lawmakers accountable for taking action on
Great read. Check it out.
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