Carbon Tax
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A carbon tax is a tax levied on the carbon content of fuels. It is a form of carbon pricing.
Agree:
Greg Mankiw Harvard professor in economics
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.
Barack Obama Former President of United States of America
I have long believed that the most elegant way to drive innovation and to reduce carbon emissions is to put a price on it
Bill Gates Philanthropist. Founder and former CEO of Microsoft.
The push is the R&D, the pull is the carbon tax. Yes, the government will be somewhat inept, but the private sector is in general inept. How many companies do venture capitalists invest in that go poorly? By far most of them.
Paul Krugman Economist (nobel laureate) and NY Times columnist
Emissions taxes are the Economics 101 solution to pollution problems; every economist I know would start cheering wildly if Congress voted in a clean, across-the-board carbon tax.
Bob Inglis Former Congressman
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.
Jerry Taylor President, Niskanen Center
The cost of a carbon tax (likely less than 0.8% of GDP) is well south of the expected costs of warming by 2100 (as mentioned earlier, a conservative 3.6% or more of GDP).
Katharine Hayhoe Atmospheric scientist and associate professor of political science at Texas Tech University
We don’t have a price on carbon. And because there is no price, we lack the information to make sound decisions.
Jefferey Sachs American economist
Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future
MIT Sloan School of Management Business school of the M.I.T.
Carbon tax proposals in Congress range from $15-$40 per metric ton of CO2. But even at $7, a tax could reduce emissions substantially.Disagree:
Donald J. Trump President of the USA
I will not support or endorse a carbon tax!
Cato Institute A public policy research organization dedicated to individual liberty, limited government, fre
Both in theory and practice, economic analysis shows that the case for a U.S. carbon tax is weaker than its most vocal supporters have led the public to believe.
James Delingpole Columnist
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.
Conference Board Cda Non-partisan Canadian not-for-profit think tank
Carbon tax could cause a broad slowdown in economic activity as higher energy prices ripple throughout the economy.
Patrick Michaels Climatologist
The fact that there isn’t any temperature trend whatsoever in the last 16 years is forcing scientists to confront the reality that the carbon taxers are choosing to evade
