Carbon Tax Long Overdue

The time to start taxing carbon rather than income and sales is long overdue. A carbon tax could greatly offset other tax rates, reduce energy consumption while addressing climate change, and could be designed to not fall too heavily on the low-income. It is difficult to imagine a road to global ecological sustainability that does not include carbon taxes. Even some in the energy industry agree.
Duke Energy CEO proposes 'carbon tax'
Duke Energy Corp. will lobby for a tax on carbon dioxide emissions that would reduce fossil fuel consumption and begin dealing with the global warming problem, the company's chairman said Thursday. “Personally, I feel the time has come to act – to take steps as a nation to reduce the carbon intensity of our economy,” Paul Anderson told several hundred Charlotte business and civil leaders at a breakfast meeting. “And it's going to take all of us to do it.”

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