The revenue could come either from auctioning pollution permits, a «wires fee» on electricity use,
a modest tax on carbon, or a mix of all three.
Not exact matches
In his book, Lomborg proposes that a
modest carbon tax could pay for all of this work at a fraction the cost of a cap
on emissions of greenhouse gases, the approach pursued by Europe under the Kyoto Protocol (and rejected in the United States).
But I find it hard to reconcile the group's financial support for Climate Depot with its rhetorical embrace of Richard Smalley's vision of a sustainable energy future — which was premised
on an inevitable transition away from
carbon - rich fuels and included a
modest tax on liquid fuels.
Guardian: Oliver Tickell: Don't let the
carbon market dieThe Copenhagen climate change conference achieved too little, but a
modest global
carbon tax would make amends Some people have good reason to be shocked that banks have pulled out of the
carbon market, not least recent economics graduates whose dissertations
on carbon finance now qualify them only for unemployment.
There is much debate as to the extent that the
carbon tax itself caused prices to rise, as opposed to other factors like capital upgrades, with one estimate putting the
tax's increase
on electricity prices at a
modest 9 %.
Interestingly, beyond this, despite considerable rhetoric about moving beyond debates about
carbon - pricing, the report recommends that in order to avoid adding to the Federal debt, it would be necessary to impose new
taxes, including increased royalties for oil and gas extraction, a
tax on imported oil, a
tax on electricity sales, and a «very small
carbon price» (presumably from a
modest carbon tax or unambitious cap - and - trade system).