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Carbon Tax: Miracle Solution to Cut Co2 Emissions

Editorial, The Washington Post | February 16, 2009

The attempt of the EU to cut Co2 emissions by setting up high emission targets has failed. ++ The US should draw conclusions from this example and consider alternative measures to fight climate change. ++ Yet, Sen. Boxer, who just released the 6 Principles for Global Warming Legislation, does not seem to have understood the lesson as she strongly advocates for a cap-and-trade regime. ++ The only solution is a carbon tax; not only "simple and sure in its effects," the money "could be given back to the American people."

Tue, Feb 24th 2009, 22:58

SF

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Unfortunately Sen. Boxer has not understood that a carbon tax fixes the PRICE, but not the total emissions OUTPUT. If the world and its nations decides that greenhouse gases are dangerous and need to be curbed, then the total output needs to be limited. A cap-and-trade system is an economically efficient means to do this.

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