Washington Post (November 18, 2013)
2013/ 11/ 19 by jd in Global News
Little is definitively known about global warming, but it would be wise to take pragmatic measures. “Putting a price on carbon—through a tax on oil, coal and natural gas—that reflects global warming’s costs… would promote energy efficiency and favor renewables.” But how would one determine the size of that carbon tax? “We don’t know global warming’s full effects…. But we do know the size of the budget deficit, and we do know that revenue from a carbon tax might help finance a simplification of the income tax. By addressing multiple problems, an admittedly unpopular carbon tax might command broader support.”
Tags: Budget deficit, Carbon, Carbon tax, Energy efficiency, Global warming, Income tax, Renewables, Revenue, Support
