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!
Republican Congressman Carlos Curbelo has introduced a carbon tax bill . Although no one thinks the bill will pass this year, Mr. Curbelo is hoping to spark constructive dialog across the aisle for a bi-partisan carbon pricing agreement. That will take time. But allowing all ideas and concerns to be discussed is the only way forward. And the time may be right . Since […]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 ...
California lawmakers voted July 17 to extend cap and trade to 2030. It had been set to expire in 2020. And it was done with a 2/3 bipartisan vote. That’s right – bipartisan . Seven Republicans in the Assembly voted for the bill, and one Republican in the Senate, to bring the vote to a supermajority […]Continue Reading ...