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.
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.
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.
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).
Schroders
British multinational asset management company
Total earnings of 12,500 global companies could fall by 20% were the world to limit itself to the 2C temperature rise target agreed in Paris through higher taxes.
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.
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.
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