|
|
Post by huon on Jul 1, 2021 7:12:07 GMT 9.5
|
|
|
|
Post by David B. Benson on Jul 9, 2021 2:37:34 GMT 9.5
|
|
|
|
Post by huon on Jul 13, 2021 14:58:38 GMT 9.5
|
|
|
|
Post by huon on Aug 20, 2021 9:20:09 GMT 9.5
Carbon Tax and Revenue Recycling: Revenue, Economic, and Distributional Implications Kyle Pomerleau, Elke Asen 06 Nov 2019 Tax Foundation taxfoundation.org/carbon-tax/" A carbon tax paired with a lump-sum rebate would increase the tax code's progressivity significantly, but impact employment and output negatively." Key finding #4 [Added here 19 Aug 2021] " A carbon tax paired with a cut in the employee-side payroll tax increases progressivity, output, and employment." Key finding #5 So let's use most of the carbon tax revenue to lower the payroll tax, with minor portions going towards targeted dividends and clean-energy R&D. Such a use of the revenue would be economically benign--and perhaps politically attractive. Price on carbon must be part of this year's climate legislation Susan Secord and Mark Reynolds 19 Aug 2021 Boulder Weekly www.boulderweekly.com/uncategorized/price-on-carbon-must-be-part-of-this-years-climate-legislation/"Finally, some, or all, of the revenue could be used to give money back to Americans." The word "some" is significant. It indicates that the Citizen's Climate Lobby has some flexibility, and might consider a cut in the payroll tax. Such a move would limit harm to the economy, and could attract more bipartisan support. |
|
|
|
Post by huon on Sept 9, 2021 15:37:20 GMT 9.5
|
|
|
|
Post by David B. Benson on Sept 19, 2021 1:38:07 GMT 9.5
|
|
|
|
Post by huon on Sept 27, 2021 13:38:33 GMT 9.5
|
|
|
|
Post by huon on Oct 19, 2021 13:44:30 GMT 9.5
Democrats eye carbon tax after Manchin opposition to climate plan in reconciliation bill Summer Conception 17 Oct 2021 Talking Points Memo talkingpointsmemo.com/news/democrats-eye-carbon-tax-after-manchin-opposition-to-climate-plan-in-reconciliation-bill "Senate Finance Committee chair Ron Wyden (D-OR) sees Manchin's rejection of CEPP as an opportunity to push a carbon tax. "'I've had a carbon pricing bill in my desk for the last three years just waiting for the time,' Wyden told the [New York]Times on Saturday." 'What has been striking is the number of senators who've come to me about this since early fall - after Louisiana got clobbered with storms, the East Coast flooding, the Bootleg wildfires here in my own state. Now there are a number of senators, key moderate senators, who've said they're open to this. And a lot of House folks who have said they would support it if the Senate sends it over.'" |
|
|
|
Post by huon on Oct 29, 2021 13:36:50 GMT 9.5
On the eve of COP-26, James Hansen reviews the climate challenges and solutions. President Biden's Silk Purse: Young People Will Sit in Judgement James Hansen 26 Oct 2021 Hansen's Columbia University website www.columbia.edu/~jeh1/mailings/2021/BidenTruth.26October2021.pdf"The basic ingredients of a solution are (1) a steadily rising global carbon fee, and (2) modern ultra-safe nuclear power at a price comparable to that of fossil fuels." (Page 6, Paragraph 1) Moreover, (1) will help deliver (2): "A rising carbon fee is not the only action required but it is a foundation of climate policy that makes other actions to reduce emissions more effective and faster in uptake." (Page 1, Paragraph 3) A passionate statement from the "grandfather of climate change awareness". |
|
|
|
Post by huon on Nov 4, 2021 12:34:49 GMT 9.5
Carbon Tax and Revenue Recycling: Revenue, Economic, and Distributional Implications Kyle Pomerleau, Elke Asen 06 Nov 2019 Tax Foundation taxfoundation.org/carbon-tax/" A carbon tax paired with a lump-sum rebate would increase the tax code's progressivity significantly, but impact employment and output negatively." Key finding #4 [Added here 19 Aug 2021] " A carbon tax paired with a cut in the employee-side payroll tax increases progressivity, output, and employment." Key finding #5 So let's use most of the carbon tax revenue to lower the payroll tax, with minor portions going towards targeted dividends and clean-energy R&D. Such a use of the revenue would be economically benign--and perhaps politically attractive. Using carbon-tax revenue mostly to cut the payroll tax would boost jobs and the economy. And, as quick calculations from the article's summary table suggest, even if almost 20% of the revenue were used for targeted lump-sum payments, the economic effect would still be positive. It's remarkable that a policy measure this powerful can be made to cost so little. |
|
|
|
Post by huon on Jan 13, 2022 15:32:23 GMT 9.5
|
|
|
|
Post by huon on Jan 16, 2022 14:55:20 GMT 9.5
Modeling study suggests 1.8M excess deaths attributable to urban air pollution in 2019 07 Jan 2022 Green Car Congress www.greencarcongress.com/2022/01/20220107-lancet.htmlAs one of its side benefits, a carbon tax would immediately start to curb toxic air pollution, and would eventually reduce it to much lower levels. |
|
|
|
Post by huon on Jan 21, 2022 15:16:10 GMT 9.5
Report: Health Costs from Climate Change and Fossil Fuel Pollution Tops $820 Billion a Year 20 May 2021 National Resources Defense Council www.nrdc.org/media/2021/210520In the US, soot air pollution alone costs $820 billion a year in health costs. Again, a steadily rising carbon tax will be instrumental in lowering, and eventually eliminating, fossil-fuel pollution and its attendant health costs. |
|
|
|
Post by huon on Jan 29, 2022 14:17:28 GMT 9.5
|
|
|
|
Post by huon on Feb 3, 2022 14:44:33 GMT 9.5
" Don't Look Up," the American Dream, and An Appeal James Hansen 14 Dec 2021 Dr. Hansen's Columbia University website www.columbia.edu/~jeh1/mailings/2021/DontLookUp.14December2021.pdf"During the three decades since the 1992 Framework Convention on Climate Change was agreed upon, global carbon emissions have increased about 60 percent. The 26 Conferences of the Parties (COPs) in the past three decades did not even stem emissions growth, let alone achieve the rapid emission reductions that are needed. "That is not surprising because the COP meetings did not address the two fundamental requirements to drive down global carbon emissions rapidly: (1) a simple, steadily rising carbon (oil, gas, coal) carbon fee enforced near-globally via border duties on products from countries without a carbon fee, and (2) development of modern nuclear power as cheap as fossil fuels." As always, Dr. Hansen provides a reliable overview of what is needed to address climate change. |
|
|
|
Post by huon on Feb 12, 2022 14:35:46 GMT 9.5
Carbon Pricing: The Best Policy that Nobody Wants Philip Rossetti 07 Feb 2022 R Street Institute www.rstreet.org/2022/02/07/carbon-pricing-the-best-policy-that-nobody-wants/The merits of and prospects for a carbon tax. The conclusion offers a useful summary. An excerpt: "Carbon pricing is inherently unpopular due to the high visibility of its cost impacts, while its potential benefits are harder to communicate and less understood, as are its comparative advantages to other climate policies." |
|
|
|
Post by huon on Feb 16, 2022 14:16:43 GMT 9.5
The strategic case for U.S. climate leadership James A. Baker III, George P. Shultz, and Ted Halstead May-June 2020 Foreign Affairs clcouncil.org/reports/Foreign-Affairs.pdfAn outstanding brief. Rather than put the US at a competitive disadvantage, adopting a well-designed carbon tax would give the US a timely leg up. "Even those who remain skeptical of the environmental urgency of the problem should recognize the overwhelming strategic advantages of U.S. climate action at home and abroad." |
|
|
|
Post by Roger Clifton on Feb 23, 2022 17:22:15 GMT 9.5
As I read it, the article proposes a carbon tariff on traded goods to match the carbon tax on similar domestic goods. The proposition is for the US to lead a group of nations with a standard system of assessing (and taxing) the carbon intensity of traded products. Between those nations the calculation of carbon intensity would be multilateral, or at least bilateral. Nations outside of that group would have their traded products assessed and taxed by the same system. If I read correctly, it allows the level of taxing to be different in the each of the participating countries, with a proportional tariff on its imports. The article does not specify at what point between ground-to-greenhouse to calculate the carbon intensity of domestic products. This too could vary between countries. My own hardline sentiment is that all carbon should be taxed as soon as comes out of the ground, with the tax burden accounted on each stage in the product's evolution until it appears in the price paid by the consumer. At export, the good has already paid its carbon tax. But it can be accompanied by a certificate of the tax already paid, that is, its carbon intensity. This would be rebated if the importing nation does not apply carbon taxes domestically. |
|
|
|
Post by huon on Mar 1, 2022 15:36:24 GMT 9.5
A well designed carbon tax would, by itself, cost nothing (post, Nov 3, above). But as a side benefit, it would ultimately lead to annual medical savings of perhaps hundreds of billions of dollars (Jan 20, above). So even before other advantages are added in, the cost-benefit ratio of the tax seems quite favorable.
|
|
|
|
Post by huon on Apr 17, 2022 15:07:09 GMT 9.5
|
|
|
|
Post by huon on Apr 24, 2022 14:51:59 GMT 9.5
|
|
|
|
Post by huon on May 14, 2022 13:57:27 GMT 9.5
Opinion: If we want energy independence, we need a carbon tax Robert M. Summers, Inside Sources 13 May 2022 Lowell Sun www.lowellsun.com/2022/05/13/opinion-if-we-want-energy-independence-we-need-a-carbon-tax/A timely and persuasive call for a revenue-neutral carbon tax. According to the author, such a tax would increase energy independence, improve air quality, and reduce carbon emissions and climate damage. (Although the opinion piece is pitched to those who favor renewables, it applies, IMO, even more strongly to nuclear, both fission and fusion.) |
|
|
|
Post by huon on May 25, 2022 15:13:51 GMT 9.5
What should a carbon tax look like? Here's my take:
The tax would increase annually by about $10 per ton of CO2 . Slightly more than 80% of the revenue would be used to cut the payroll tax; the rest would finance "dividends" for low- and lower-middle income households. Not only would the great majority of people receive a net tax cut, all income groups except the top 5% would come out ahead. And the bottom 20% would benefit the most.
The plan would be a slight positive for both the economy and jobs. But it would also progressively help deliver a number of extra benefits, any one of which would make the plan strongly positive:
-- Cleaner air, better health, and lower medical bills.
-- Abundant, cheap, clean energy; and enduring energy independence.
-- Greater national security.
-- Strong climate protection.
To me, this sounds like a plan most people across the political spectrum could accept.
(Revised, May 25)
For more information, scroll up on this page to Jan 12 (and also Nov 03, 2021) concerning the carbon tax; Jan 20 and Feb 15 about the benefits; and May 13, immediately above, for an overall summary.
|
|
|
|
Post by huon on Jun 11, 2022 14:32:40 GMT 9.5
|
|
|
|
Post by huon on Aug 3, 2022 16:18:24 GMT 9.5
|
|
|
|
Post by huon on Sept 7, 2022 15:00:38 GMT 9.5
Climate change measures are a lot more popular than Americans think Eric Roston 03 Sep 2022 Phys.org phys.org/news/2022-08-climate-lot-popular-americans.htmlBut some high-profile climate measures by the government may be less adequate than people believe. My takeaway from this article is that 1) a carbon tax is still badly needed, and 2) a properly designed tax might be much more popular than is commonly supposed. |
|
|
|
Post by huon on Sept 14, 2022 17:01:52 GMT 9.5
|
|
|
|
Post by huon on Oct 4, 2022 13:36:15 GMT 9.5
Targeted reimbursement: A just price for carbon dioxide Potsdam Institute for Climate impact Research, Germany 30 Sep 2022 Phys.org phys.org/news/2022-09-reimbursement-price-carbon-dioxide.htmlSome families in each income group need to spend a lot more on energy than their cohorts. This research suggests an economically responsible way to help them. |
|
|
|
Post by huon on Oct 9, 2022 13:51:51 GMT 9.5
|
|
|
|
Post by huon on Nov 28, 2022 14:16:44 GMT 9.5
Carbon Taxes and the Future of Green Tax Reform Alex Muresianu, Huaquin Li 21 Jun 2022 Tax Foundation taxfoundation.org/carbon-taxes-green-tax-reforms/A carbon tax could be paired with full expensing of capital investments for businesses and modest dividends for the public. A great majority of people, especially those with lower incomes, would gain financially, and the climate would receive significant benefits. For a quick summary of the article see the Key Findings, Introduction and Conclusion; as well as Tables 2 and 3. |
|
