Free Republic

The developed world has advanced mightily over 60 years, increasing its lifespan and per capita income. But such growth has been a double-edged sword: using cheap fossil fuels has enabled the good fortune, but it has also created an environmental hazard that could lead to irreversible damage. Now is the time to address this inequity. Indeed, there’s been a cost to fossil fuel development that oil, gas, and coal companies have not borne. In other words, CO2 and other greenhouse gases have not generally been taxed — a cost that the greater society has picked up. Enter carbon credits, which...

The Canadian government approved a national carbon price on Friday after a heated discussion. In a meeting attended by provincial representatives, aboriginal leaders, as well as United States Vice President Joe Biden, Canadian Prime Minister Justin Trudeau pushed the carbon-pricing plan he had been working on for months. […] The plan calls for the cost of producing a ton of carbon pollution to rise 10 Canadian dollars ($7.60, €7.19) per year starting in 2018 until it reaches 50 Canadian dollars in 2022. In a compromise, the price would pause for British Columbia at 30 Canadian dollars in 2020. Out of...