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chapter 14
A Market-Based Carbon Tax?
Among policy wonks like me, there is a broad consensus … we need a global carbon tax.
—Former Council of Economic Advisers Chairman N. Gregory Mankiw, 2007
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Importance: Cap and trade sounds market-based because of "trade." Economists, who like market-based approaches, think a carbon tax is at least as "market based."
• Having to buy cap-and-trade allowances is just a tax.
• The tax rate is set by the market.
• But the government controls the supply of allowances. It's not a free market.
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http://stoft.com/p/47.html | 03/10/10 03:30 GMT
Modified: Mon, 05 Jan 2009 05:37:11 GMT
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Amazon
China and India have nixed caps. Without these caps, Kyoto fails. What can be done?
Carbonomics explains "wrecking" the economy, "peak oil," caps, carbon taxes, and Kyoto.
About Carbonomics.
Get discount.
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