Wednesday, November 21, 2012

On Climate Change, the U.S. Is Doing Better Than Europe -

A November 11th op-ed by Dieter Helm, professor of energy policy at Oxford, laid out arguments for a carbon tax, and investment in 'new technologies"- arguments that have been re-broadcasts by many this month.

On Climate Change, the U.S. Is Doing Better Than Europe -
Putting a price on carbon is fundamental. If consumers and businesses do not bear the cost of their carbon pollution, they won’t do much about it. This carbon price should not discriminate between locations: global warming is global. If China does not put a price on carbon, and Europe does, then China will effectively receive a huge export subsidy.
The good news is that many new energy technologies are coming down the track: next-generation solar, geothermal and even nuclear technologies, and methods to harness the energy of gravity via the ocean’s tides. There have been major breakthroughs in solar. Work is also under way to develop better energy-storing batteries, smart grids and electric cars. All of those advancements will need public support.
What is missing across Europe, the United States and China is a global agreement on a proper carbon price. More than any other measure, a tax on carbon consumption is what’s needed to slow the warming of the planet.
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I posted some of my thoughts on a carbon tax on my original content blog - I did not address the idea of taxing carbon at the point of consumption, which would be a logistical nightmare.

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