Carbon Price by tray
Description
Executive summary
Establish a global carbon price to counter the negative externalities of fossil fuels. The carbon fee will not generate revenue, and will be shared equally to all people. A price for carbon will discourage emission of climate-changing greenhouse gases (GHGs).
What: Actions and impacts
Establish a global carbon tax.
Carbon Tax Advantages
Quick: a tax could be put in place tomorrow, whereas a cap-and-trade system would take up to four years to set up the necessary infrastructure. The sooner we start the more GHG emissions we can stop.
Honest and Transparent: The stable and fixed price of a carbon tax is easy to see. The stock-like price volatility of cap-and-trade allows special interests, lobbyists, and speculators to make non-productive millions at public expense. A carbon tax allows no room for double speak as when Japan claimed to be the greenest country because of the permits it bought from China, while GHG emissions in both Japan and China increased.
Less government: unlike cap-and-trade, there would be no need for regulatory oversight. Creative solutions: companies can save by reducing the fuel they burn or the GHGs they emit. Energy efficiency reduces how much they burn, while GHG capture and storage reduces emissions and earns tax write- offs. This creates a financial incentive to innovate, resulting in new business and further reduction of harmful emissions.
Broad support: virtually all economists and the Congressional Budget Office conclude that a carbon tax will be far more effective than cap-and-trade at reducing GHG emissions and avoiding harm to our economy. The price-stability of a carbon tax enables businesses to make reliable long-term projections about their expenses resulting in better planning. Exxon-Mobil CEO Rex Tillerman calls a carbon tax "a more direct, a more transparent and a more effective approach." Conservatives such as Arthur B. Laffer and Rep. Bob Inglis (R-4th SC) and liberals such as Al Gore and NASA scientist Dr. James Hansen all support a revenue-neutral carbon tax.
Why: Rationale for the proposal
A global carbon tax
Explanation for why these actions and impacts are desirable.
How: Feasibility of proposal
Explanation of how the proposed actions will be achieved. Teams are encouraged, but not required, to use subheadings in this section, such as:
- Future energy technology mix
- New policies and political mobilization that will lead to their enactment
- Social and behavioral change
Vision of the future under this proposal
Depictions of the future that will result from this plan. This section can include artistic representations of what life will be like later this century, using such media as videos, images, or narratives.
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