The profit of destroying nature or polluting the planet is nearly always privatized, while the costs of polluting the planet or the cost of destroying ecosystems is nearly always socialized. That cannot continue.
Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior Fello
A carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
Congress should consider an appro- priate price on pollution from power production to level the playing field; create consistent market pull; and ex- pand research, development, and commercialization of increasingly clean energy resources and technologies.
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.