Send a Tweet
Most Popular Choices
Share on Facebook 1 Share on Twitter Printer Friendly Page More Sharing
General News    H3'ed 3/2/09

Obama Climate Plan - A Giant Step Forward

By       (Page 1 of 1 pages)     (# of views)   3 comments

The Carbon Tax Center applauds President Obama's proposal to cap emissions, use market forces to reduce emissions, and return revenues through payroll tax credits. The proposal, as outlined this week, is a huge step forward from the Lieberman-Warner pork-barrel cap-and-trade fiasco last year and moves the discussion closer to the "gold standard" of a revenue-neutral carbon tax. We hope other carbon tax advocates join us in building upon the proposal; blanket opposition would be counter-productive to our common goal of reducing greenhouse gas emissions. 

Obama_Annie_Oakley.jpg
Copyrighted Image? DMCA

How do we build upon the President's initiative? We believe carbon tax advocates should:

  • Agree with the need to cap emissions, but advocate implementing the cap through a cap-and-tax rather than a cap-and-trade program.  We need to recognize and endorse the political value of a "cap" and recommend that any carbon tax include specific emission reduction goals to be implemented through periodic adjustments to the carbon tax rate.  
  • Agree with the concept of using market forces to reduce emissions, but continue to argue that carbon taxes are simpler, more transparent and efficient than trading.  Carbon taxes will provide a powerful price signal promoting more efficient use of energy and the substitution of renewable energy for high-carbon fossil fuels. 
  • Agree with the general concept of returning revenues through payroll tax credits, but suggest improvements such as ensuring that lower-income families are adequately protected and returning all or a far larger percentage of the revenues through payroll tax reductions or dividends.
  • Continue to stress the importance of imposing a tax, or obligation to obtain permits, upstream in order to reduce administrative complexity and ensure comprehensiveness.
  • Recognize that a well-designed and implemented cap-and-auction program, one that is as close to a carbon tax as possible, is far better than nothing and would also be better than a poorly designed and implemented carbon tax. We should not hesitate to point out the superiority of carbon taxes, but not in ways that might aid those who want to delay effective action on climate change.

We support a well-designed carbon tax because it is the most efficient, equitable and certain means to reduce greenhouse gas emissions significantly- and soon. Our future demands that we advocate for nothing less.

Photo: Flickr / Annie Oakley.

 

Must Read 1   Interesting 1   Valuable 1  
Rate It | View Ratings

Dan Rosenblum Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Dan Rosenblum is an expert on regulatory law and policy with extensive experience as both a regulator and as an advocate. He is a co-founder of the Carbon Tax Center, and has over sixteen years of experience as an energy and environmental (more...)
 
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Happy New Year – A New Political Reality for Carbon Taxes

Senators Kerry, Graham and Lieberman's Poor Excuse for a Carbon Tax

At Last, It Begins: Real, Substantive Debate on 2009 Climate Legislation

Obama Climate Plan - A Giant Step Forward