Let the Market Fight Climate Change
Climate change affects all of us, regardless of education, nationality or beliefs. But we can do something about it and not hurt our economy.
Since 75-80% of carbon dioxide emissions are from fossil fuels, working to reduce fossil fuel use will make a meaningful difference. Putting a price on carbon emissions will do that. And many will profit — not just environmentally — but also financially.
The scientific evidence that the climate is changing because of increasing greenhouse gases is very convincing. The evidence is growing that shows human activities are the primary cause.
Carbon tax or cap-and-trade? Both have been tried, both have some advantages, and can be used either separately or in combination.
Revenue Use Options
Revenue from cap and trade or a carbon tax will accrue. How should that revenue be spent? Options range from government programs for mitigation and adaptation to returning the revenue by lowering other taxes, and a host of options in between.
Now is the time to make it plain that we need a price on carbon. Show your support, talk it up, make some noise, and VOTE!
“We’re not on track to meet the Paris emission reduction goals. But putting a price on carbon will give us a ‘rocket-fuel boost’”, said Nat Keohane, VP-Climate for the Environmental Defense Fund in an April 25th webinar. International agreements and individual behavior are critical, but not enough. We need a broader set of economic incentives […]Continue Reading ...
By now you’ve heard that Washington state Initiative 1631 – to establish a carbon fee – was defeated in the 2018 mid-terms. But carbon pricing is not defeated. Indeed, carbon pricing is thriving in ten other states – it’s called cap and trade. California (and Canadian partners) and nine Northeastern states in the Regional Greenhouse Gas Initiative have cap and […]Continue Reading ...
“The power of the price system to change behavior is incredibly effective, so when we impose a significant price on carbon emissions they will decline dramatically.” Bob Litterman , a recognized expert on risk management, expressed strong confidence in the power of pricing carbon to reduce carbon emissions – but we need to get price incentives now. […]Continue Reading ...