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Tag: carbon tax
Boxer pushes carbon tax to ease global warming
2013-02-15 00:17:00| Climate Ark Climate Change & Global Warming Newsfeed
USA Today: Sen. Barbara Boxer on Thursday put her political muscle behind a bill that would tax carbon and methane emissions linked to global warming and use the money for consumer rebates and to finance a raft of new clean-energy projects. The California Democrat, who heads the Senate Environment and Public Works Committee, is co-sponsoring legislation written by a fellow panel member, Sen. Bernie Sanders, I-Vt. The bill faces little to no chance of passing and is sure to face fierce opposition from...
Senators propose long-shot carbon tax bill for big polluters
2013-02-14 19:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of the most liberal senators on Thursday proposed a bill to tax carbon emissions, raising up to $1.2 trillion in revenue over 10 years that would largely be returned consumers. Independent Bernie Sanders of Vermont and Barbara Boxer, a Democrat from California, attempted to seize on the momentum from Tuesday's State of the Union speech when President Barack Obama expressed support for efforts to battle climate change. "We have the opportunity right now, with the president's commitment in...
Carbon tax v cap-and-trade: which is better?
2013-01-31 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Economists argue that, if the market is left to operate freely, greenhouse gas emissions will be excessive, since there is insufficient incentive for firms and households to reduce emissions. As such, they recommend applying the polluter pays principle and placing a price on carbon dioxide and other greenhouse gases. This can be implemented either through a carbon tax (known as a price instrument) or a cap-and-trade scheme (a so-called quantity instrument). A carbon tax imposes a tax on each unit...
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