Some day the Trump/Ryan/Pruitt era will end. We need to be ready to move forward.
Fighting the Trump/Ryan/Pruitt assault on environmental protection necessarily absorbs a huge amount of our energy. But eventually, the current conservative stranglehold on the national government will come to an end. Sooner or later, the government will once again come into more environmentally friendly hands. When that happens, we need to have practical, detailed proposals ready …CONTINUE READING
The idea of putting a price on carbon has popped up in unexpected ways.
Conventionally, carbon pricing takes place when the government either creates a cap-and-trade scheme or a carbon tax. But we’ve begun to see carbon prices popping up in other interesting ways. The idea of putting a price on carbon seems to have influence well outside of the classic tax-or-trade models. For instance, carbon pricing has moved beyond …CONTINUE READING
Eric Biber posted last week about the proposal from several heavyweight Republicans for a carbon tax, outlined in a Wall Street Journal op-ed. Much has been said about the merits and problems of a carbon tax, including on this blog, so I will try not to repeat those points here. However, I wanted to expand …CONTINUE READING
Republican proposals for border adjustment tax are equivalent to a carbon tax on oil
One of the leading proposals being floated by Republicans for tax reform is what is called a border adjustment tax. Put simply, it would tax corporate income on imports into the U.S. and leave income from exports tax exempt. The policy argument for it is that it would simplify tax administration for large, multinational companies …CONTINUE READING
A promising proposal from conservative leaders, but important questions remain
An impressive lineup of senior Republican leaders has embraced a carbon tax as an approach to address climate change. The proposal is to trade away the Obama Administration Clean Power Plan and tort liability against fossil fuel companies for a $40/ton carbon tax that would increase over time. All revenues from the tax would be …CONTINUE READING
He was for a carbon tax. For a few days. Until he was against it.
I posted a few weeks about Gary Johnson’s embrace of a carbon fee, which seemed like an appealing sign of new ideas. Apparently, however, stale ideas are more politically salable. As it turns out, under pressure from horrified conservatives, Johnson waved the white flag and surrendered only a few days later. Here’s his explanation: “If …CONTINUE READING
Gary Johnson has put his weight behind
In an interview in Alaska, Gary Johnson endorsed the idea of a fee on carbon emissions. Here’s what he had to say, according to E&E News: “Johnson described his “free market approach” to global warming to the Juneau Empire in an interview published this weekend. He said his plan would include a fee, “not a …CONTINUE READING
We can impose a price on carbon without a tax or emissions trading. Here’s how.
Cap and dividend is a politically appealing idea; put a price on carbon, then refund the money to consumers in equal shares. But conservatives and libertarians object to this idea on two grounds. First, cap-and-trade systems are complex and require a lot of regulatory oversight. Second, if the government collects the money, despite its current …CONTINUE READING
Combating Climate Change Will Require Reversing Three-Decade Trend of Political Economy
While Americans were preparing for our Thanksgiving, in the Great White North, a major new development occurred: the NDP (i.e. Social Democratic) government in Alberta — Canada’s major energy-producing province — announced an economy-wide carbon tax starting in 2017 and a cap on emissions from oil sands. This would be an aggressive move anywhere in the …CONTINUE READING
How to limit climate change without giving the Feds enforcement powers or revenue.
What I’m going to sketch here isn’t a zero government approach. But the government’s role is very limited: federal agencies don’t do any enforcement and the government doesn’t touch any revenue from the scheme. So this approach deals with the concern that a carbon tax or something similar would either expand EPA’s ability to abuse …CONTINUE READING