Posted on 04/06/2018 6:50:29 AM PDT by Oldeconomybuyer
Putting a price on carbon, in the form of a fee or tax on the use of fossil fuels, coupled with returning the generated revenue to the public in one form or another, can be an effective way to curb emissions of greenhouse gases. That’s one of the conclusions of an extensive analysis of several versions of such proposals, carried out by researchers at MIT and the National Renewable Energy Laboratory (NREL).
What’s more, depending on the exact mechanism chosen, such a tax can also be fair and not hurt low-income households.
The analysis was part of a multigroup effort to apply sophisticated modeling tools to assess the impacts of various proposed carbon-pricing schemes. Eleven research teams at different institutions carried out the research using a common set of starting assumptions and policies. While significant details differed, all the studies agreed that carbon taxes can be effective and, if properly designed, need not be regressive.
The actual Paris agreements involved a range of different targets by different nations, but overall, Reilly said, the carbon-pricing scheme is predicted to exceed the targets for emissions reductions for 2030 and 2050, “so that’s a healthy reduction.” But even at the lowest end of the policies they studied, with a $25-per-ton initial tax,” that “would be adequate to meet the U.S. pledge in Paris” for 2030. But the rate of increase is important, the study says: “Five percent a year is sufficient. One percent a year is not.”
Reilly says “all these tax scenarios at worst meet U.S. commitments for 2030, and the $50 tax is well exceeding it.” Many experts say the Paris Agreement alone will not be sufficient to curb catastrophic consequences of global climate change, but this single measure would go a long way toward reducing that impact, Reilly says.
(Excerpt) Read more at news.mit.edu ...
Why is allowing politicians to steal other people’s money via “taxes” always the answer to every “problem” the communists come up? If “climate change” is that bad and the “Erf” is doomed, why not just prohibit the offending activities from occurring? A normal person cannot understand how just “taxing” somebody who is destroying “da planet” helps anything if you allow them to continue doing what they are doing. This is just moronic. When I was a kid, “students” with the intelligence of a grapefruit weren’t allowed into MIT. Affirmative action and quotas do have consequences.
I think you missed my point.
Yes, I know China and India are huge coal fire polluters.
My point is there is NO man-made climate change.
Trump already Killed Global Warming , he stopped feeding it Cash ,LOL
MIT should disavow this kind of bilgewater, not lend its name to it.
under most scenarios, the phony manmade global warming mob intend to up the price of carbon until it is hundreds of dollars per ton. never give them an inch...
6 Apr: Conservative Review: Limbaugh: Don’t let the Left do it to Pruitt
Pruitt is the driver who puts their environmental vehicle in reverse and slams his foot on the pedal.
The left’s crusade against Environmental Protection Agency Administrator Scott Pruitt should be seen for what it is — a witch hunt. We don’t need any more conservatives hanged by leftists who major in criminalizing political differences and minor in slander...
We need to shed some of the defeatism that has crippled the conservative agenda and celebrate the kind of progress we’re seeing at the EPA.
The left considers Pruitt a hill to die on. So should we.
https://www.conservativereview.com/articles/limbaugh-dont-let-left-pruitt/
The elected and appointed Criminals just don't give up, to they.
Government at all levels is the most horrible way to deal with intangible or imaginary "problems."
Is that you again Manbearpig?
Go away, as***le!!
Don't we have enough confirmation of the futility of this "solution?" : TAX IT!"
Give it up already.
No taxes in history have ever been "temporary."
Returning ANY of it to the Taxpayers is right up there with unicorns.
These "professors," "researchers" and activists at all Universities whose solution to everything is "additional taxes" need to get real jobs!!!
or serious jail time.
Or trees and ropes! <---- my solution
If they could get away with it they would tax you to death so they could lower the earth’s population
The only thing they’ll put a dent in is your wallet.
For all their professed love of the “common man”, the left just can’t resist proposing more and more regressive taxes.
We have seen several members of the intelligentsia who've advocated a reduction of population as a means to "save" the earth.
Problem is....they never lead by example.
And there it is, the real reason the elites have been pushing global warming. Some of us have know this for years. Look up “the carbon trading board” to find out how much money was behind it all. Thank god it didn’t work.
Wealth redistribution DOEES accomplish something. It makes the politicians and the already extremely wealthy wealthier.
"The government cannot give to anybody anything that the government does not first take form somebody else. Whenever somebody receives something without working for it, someone else has to work for it without receiving anything."Dr. Adrian Rogers
Oh wait, the study was done by climate change folks who advocate for carbon taxes.....that’s rich. /s
No they don't. The first line of the article says tax fossil fuels. Fossil fuel comes in many different forms of carbon or carbon containing compounds or organic compounds. Organic chemistry is the study of carbon containing compounds, and there are 19 classes of organic compounds.
Fossil fuel can be a very simple carbon compound like methane or something complex like peat.
You definitely don't want to tax CO2 because there are other sources of CO2 besides fossil fuel.
Likewise, you would want to tax ethane if it is used as a fossil fuel but not if the ethane is used as a raw material for polyethylene.
Thank God that DJT is POTUS!
Who paid for this “study”?
Unicorn taxes on liberals would do just fine... Save the Unicorns - Save the World...
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