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chapter 16
An Untax on Carbon
We suggest a tax on carbon dioxide in which all the proceeds collected by the government would be returned to Americans each year.
—Keith Crane and James Bartis, Washington Post, 2007
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Importance: To be effective, a carbon tax or cap must raise the price significantly. But this will be too unpopular unless the revenues are refunded.
Main Ideas:
• An untax on carbon refunds all revenues on an equal-per-person basis.
• Because using more carbon does not increase your refund, this works.
• Refunding it all eliminates the direct dollar cost.
• But there will be some costs from saving carbon.
• Until we save a lot of carbon, the costs remain very small.
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http://stoft.com/p/83.html | 03/11/10 10:28 GMT
Modified: Mon, 05 Jan 2009 05:37:59 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.
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