Thursday, August 25, 2016

California Resolves to Support Carbon Tax

California legislators have passed a resolution calling on the Federal government to enact a reveue-neutral carbon tax.

"... a carbon tax with dividend sharing model, starting at $10 per ton of carbon dioxide and increasing by $10 per ton each year, would reduce carbon dioxide emissions 50 percent below 1990 levels in 20 years. Moreover, the economic stimulus generated by the dividend sharing would, over the same period of time, add 2.8 million jobs to the American economy, compared with a business-as-usual scenario."

Link: California Legislators Want to Tax Carbon, But Give the Revenue to the People

No comments: