29 Jun '17, 6pm

Taxing #Carbon — Letting Markets Work #BSI

Taxing #Carbon — Letting Markets Work #BSI

A new business-based climate advocacy group stepped into the CO2 spotlight this summer. The Climate Leadership Council (CLC) took center stage with op-eds in the nation’s biggest dailies and a full-page ad in the Wall Street Journal . The topic: supporting a carbon tax to reduce CO2 emissions. Admittedly, a tax is not a new idea but it became newly important considering the stature of the group’s Fortune 100 corporate and political membership, including BP, ExxonMobil, P&G and Johnson&Johnson. The tax — suggested to start at $40/ton — is one of “four pillars” within a broader plan. A second pillar would return the tax revenue, a move which CLC refers to as a “carbon dividend for all Americans.” Importantly, the political appeal of a carbon dividend could avoid the inevitable and inevitably contentious (and maybe endless) debates about new or expanded government programs. T...

Full article: http://www.renewableenergyworld.com/articles/2017/06/taxi...

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