People don't want to think about climate change every time they do every decision. They can't. What a carbon tax does is it nudges them in the direction of doing the right thing. But you can cut other taxes in response
Carbon Tax Center
Leading source of hard news, rigorous analysis, and honest politics on taxing climate pollutio
Myth #1. A tax on carbon pollution will harm the poor and middle class. [...] Rebuttal: The wealthy use more carbon-based energy than the rest of us, by far. For every gallon of gasoline used by the poorest quintile (20%) of households, the richest quint
You then offset that [carbon tax] with a reduction in payroll taxes, dollar for dollar. And that's why I was so flexible. It's a tax swap, that's what I was talking about. It wouldn't grow the government, and it would approximate the attachment of these negative externalities to combustion fossil fuels.
It will help the government get out of the energy regulation business in the long-run. If innovation drives solar and battery prices low enough, the energy sector may become no different than any other industry in producing limited externalities. Thus the special regulatory consideration it merits will no longer exist.
Philanthropist. Founder and former CEO of Microsoft.
A carbon tax in the United States would not be an effective way of confronting climate change. The world needs an “energy miracle” in order to cut greenhouse gas emissions while expanding energy production around the world. The way that happens is to spend on clean-energy research.
By taxing carbon dioxide (the harmless trace gas which makes the planet greener), the US government would be signalling to the world that it still believes in the man-made global warming narrative. This, in turn, would keep alive the crony-capitalist “renewables” industry in which Paulson, Steyer, Bloomberg and their friends are so heavily invested.
Advocate for energy, common sense politics, and all things Texas. Writer, editor, public speak
The problem with the concept of a carbon tax is that it fails to take into consideration how things actually work in the real world, which has a tendency to take wonderful concepts and create horrible and messy outcomes with them.
The concept of revenue neutrality is a mirage. Yes, every dollar raised by the tax can be sent back to households. Remember, though, that the entire premise oThe tax is to force households and businesses away from cheap fossil-fuel consumption and towa
Dr Robert Gross
Director, Centre for Energy Policy and Technology, Imperial College Londo
Carbon taxes are doomed to fail because they do little to drive what is needed most: innovation that generates affordable clean energy that all 7 billion humans will want to adopt, not out of altruism or coercion, but out of self-interest.
Therefore, carbon credits, carbon taxes, and related schemes are actually more about fueling environmental finance than environmental responsibility. The credits are less about projects and research in sustainable production systems and more about the financial interests underlying the market for carbon credits.
Carbon taxes are undermined by free trade. If you put a tax on carbon-emitting activity in the U.S., it'll raise the domestic price of (for example) coal. This will provide an incentive for U.S. coal miners to export their coal to other countries, especially China, as they are now trying to do. It will also provide an incentive for Americans to buy more imports from countries where it is still cheap to burn coal (e.g. China).