Wednesday, September 05, 2007

More on Carbon Tax

Here is David Leonhardt on John Dingell's (D-MI) strained history with the environmental movement and newfound support for a carbon tax.

Here is Larry Summers in the Financial Times on climate change and the possible remedies. Here is a bit from the Summers article:

"Second, carbon markets are invitations to engage in pork-barrel corporate subsidy politics on a massive scale. If greenhouse gas emissions are to be substantially reduced, the value of the associated emissions rights will be in the tens of billions of dollars. While in principle emission permits could be auctioned, in practice they are always allocated administratively. "

Where have you heard that before?

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