«We also felt it was the right thing to do, given the general increasing public awareness about climate change, and discussion at various government
levels about carbon taxes and other environmental issues.»
Not exact matches
The three primary drivers were oil price, which would drive enhanced recovery efforts;
carbon tax levels, which would incentivize the trapping of
carbon dioxide; and how fast knowledge is gained
about the technology, allowing innovations to drive down capital costs.
And further, to be fair, if I came at you with a simple model and suggested that we should
tax carbon based on a zero dimensional model, I'll wager that you might ask» what's that model say
about sea
level rise?»
[On the
level of the
carbon tax, Jiang Kejun of the ERI has suggested a
tax of 10 to 20 yuan (
about US$ 1.50 to 3) per metric ton of
carbon dioxide that gradually rises to 300 to 400 yuan per metric ton.]
Some speculate
about a grand bargain in which
carbon taxes replace
carbon regulations — everything from the EPA's greenhouse gas emission standards to California's cap - and - trade program to State -
level renewable electricity mandates.
As for adaptation: since there's no way to distinguish effects of «AGW» from existing
levels of extreme events, why not forget
about a
carbon tax and just call it «foreign aid»?
To take that seriously is to support massive, immediate
carbon reductions, not only at the
level of theory, not only in statements and proclamations and pledges, but in the sense of preferring the lower
carbon strategy in every local, city, state, or federal decision, whether it's
about land, housing, transportation, infrastructure, agriculture,
taxes, regulations, or lifestyle habits.
For example, a
carbon tax designed to smoothly reduce our greenhouse gas emissions from their current
level to zero by the year 2100 would result in only
about 0.1 °C of global temperature «savings» — an amount, on its own, not worth pursuing.
From a theoretical perspective, if one thinks
about carbon taxes or permit prices as «internalizing the externality» of the damage from greenhouse gases, compensating those harmed by the externality is a logical use of any such funds, at whatever
level they are applied.