On both sides of Capitol Hill, there is budding interest in implementing taxes on carbon-intensive goods that enter the U.S., though Democrats and Republicans tend to be interested for different reasons. In the Senate, Louisiana Republican Bill Cassidy is writing a preliminary bill, expected in a few months, to place a fee on foreign products brought into the country that are made with more pollution than similar American products.
Read the full story here.
Photo by Ian Hutchinson on Unsplash
View article on the Boston Globe
OpEd by Steven Chu, 1/15/16. “Last month, 196 countries reached a landmark consensus agreement in Paris to reduce greenhouse gas emissions in order to slow global warming, agreeing to work toward capping a global temperature increase to 2 degrees Celsius…We need meaningful actions that will dramatically decrease carbon emissions at the lowest possible cost. Numerous industries, including six major oil companies, have asked for a carbon pricing system to be initiated at the national, regional, and, ultimately, international level… [During the Paris talks,] my colleagues and I came out in favor of a revenue-neutral carbon tax. A simple carbon tax maximizes transparency, minimizes market manipulation and regulatory complexity, and provides investment certainty… A meaningful, and timely, global price on carbon is essential to get us to where we have to be in the coming decades. Otherwise, to quote Martin Luther King, ‘There is such a thing as being too late.’” Steven Chu is a Nobel laureate in physics and former US secretary of energy.
View article on the NY Times
Editorial, 1/19/16. “Lawmakers who oppose taking action to lower greenhouse gas emissions by putting a price on carbon often argue that doing so would hurt businesses and consumers. But the energy policies adopted by some American states and Canadian provinces demonstrate that those arguments are simply unfounded. Around the world, nearly 40 nations, including the 28-member European Union, and many smaller jurisdictions are engaged in some form of carbon pricing. In this hemisphere, British Columbia, Quebec, California and nine Northeastern states have raised the cost of burning fossil fuels without damaging the economy. … Yet Congress has refused to act even as it becomes clear that putting a price on greenhouse gas emissions is the most direct and cost-effective way to address climate change.”