The right insurance policy against the risk of catastrophic climate change involves either
a significant tax on carbon or a cap - and - trade system.
The needed market corrective is huge and can come about only via
a significant tax on carbon pollution.
This scenario would change if there were
a significant tax on carbon emissions, or if an equivalent economic penalty were imposed on fossil - fueled plants through a cap on carbon dioxide (CO2) emissions or a requirement that CO2 be sequestered.
Not exact matches
The decisions the current Government takes
on transport to tackle the dual challenges of climate change and rising oil prices could have
significant repercussions for many years to come... Friends of the Earth is calling
on the Government to: «Change direction
on transport policy - and aim to rapidly move towards a low -
carbon transport system... Vehicle Excise Duty must be changed to make road
tax on gas - guzzlers more expensive - and cheaper for greener cars...»
On one hand, most major green groups have either come out against, or just failed to take a stand on, the most significant piece of environmental legislation on the ballot: Initiative 732's carbon ta
On one hand, most major green groups have either come out against, or just failed to take a stand
on, the most significant piece of environmental legislation on the ballot: Initiative 732's carbon ta
on, the most
significant piece of environmental legislation
on the ballot: Initiative 732's carbon ta
on the ballot: Initiative 732's
carbon tax.
To realize this gain of $ 3 trillion, we would have to agree to, and enforce, a global, harmonized
tax on all
significant uses of
carbon and other greenhouse gases in any material form.
A federal
carbon tax (and we strongly agree with R Street
on the need for one) results in reduced emissions and a
significant chunk of change for the Treasury.
Research suggests that the most
significant effect of a
carbon tax on electricity generation technology would be less use of coal and greater use of natural gas.
Actually, I don't want to get into a long thread
on carbon taxes (Richmond's in front of Sydney), but my main point of difference is that you assume that any
carbon price is necessarily a
significant burden
on an economy, but what if
carbon pricing is part of a broader
tax reform agenda with a shift in
taxes from, say, income and company
taxes to
carbon pricing?
And this cost projection assumes optimal conditions — the immediate implementation of a common global price or
tax on carbon dioxide emissions, a
significant expansion of nuclear power and the advent and wide use of new, low - cost technologies to control emissions and provide cleaner sources of energy.
Given that, if one wants freedom of choice and an efficient market, shouldn't one accept a market solution (
tax / credit or analogous system based
on public costs, applied strategically to minimize paperwork (don't
tax residential utility bills — apply upstream instead), applied approximately fairly to both be fair and encourage an efficient market response (don't ignore any
significant category, put all sources of the same emission
on equal footing; if cap / trade, allow some exchange between CO2 and CH4, etc, based CO2 (eq); include ocean acidification, etc.), allowing some approximation to that standard so as to not get very high costs in dealing with small details and also to address the biggest, most - well understood effects and sources first (put off dealing with the costs and benifits of sulphate aerosols, etc, until later if necessary — but get at high - latitude black
carbon right away)?
Shultz concluded that robust funding of clean energy research and development, plus a revenue - neutral
carbon tax, «starting small and escalating to a
significant level
on a legislated schedule» would «do the trick» and are the kinds of policies Reagan would advocate to avert climate disaster.
It's all part of a ramped up climate change plan that will also include a
significant increase in support renewables (unlike the UK's phase out, which leans heavily
on nuclear and gas), a methane reduction strategy that is targeting 45 % cuts by 2025, as well as the introduction of a «revenue neutral»
carbon tax.