Carbon Pricing

Published on November 17th, 2015 | by Joshua S Hill

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Partnership For Responsible Growth Cites 14 Luminaries Supporting Carbon Fee

November 17th, 2015 by  

The Partnership For Responsible Growth has quoted 14 luminaries from around the world who are supporting a carbon fee/tax.

Open cut coal mine Hunter Valley Image Credit: Beyond Coal and GasThe much-awaited UN climate conference being held in Paris later this month is nearly upon us, and the newly-formed nonprofit Partnership For Responsible Growth is doing all it can to build momentum for the implementation of a tax on carbon.

“We strongly believe that such a fee is the quickest and most efficient way to counter climate change, and every day more people seem to agree,” said George T. Frampton, Jr., co-founder of PRG. “It’s also important to bear in mind that even if EPA’s Clean Power Plan survives judicial and legislative attacks, it will not enable us to reach our emissions pledge.”

Specifically, the nonprofit is based out of the US and looking to convince the US Congress to enact “a revenue-neutral carbon fee and use half the proceeds to reduce the corporate tax rate.”

“After talking individually with 175 members of Congress, or their aides, we believe that this creative compromise can pass in 2017,” said Frampton.

In line with its efforts, the Partnership for Responsible Growth has collated 14 quotes from everyone including ExxonMobil CEO Rex Tillerson, World Bank President Jim Yong Kim, former Secretary of State George Shultz, and Managing Director of the International Monetary Fund Christine Lagard. They are found below.

“The solution (to climate change) can be a fundamentally conservative one that will empower the marketplace to find the most efficient response. We can do this by putting a price on emissions of carbon dioxide — a carbon tax…. Putting a price on emissions will create incentives to develop new, cleaner energy technologies.”
–Former Treasury Secretary Henry Paulson, The New York Times, June 21, 2014

 “It is just the right moment to introduce carbon taxes.”
–Christine Lagard, Managing Director, International Monetary Fund, ABC, October 7, 2015

“We were told it would destroy the economy and we’d never get elected again, but we’ve won two elections since (our carbon tax) was enacted… It’s the revenue neutrality that really makes it work. We collected C$1.2 billion last year and a little bit more was returned.”
–Mary Polak, British Columbia’s Minister of Environment, 20th conference of parties to the U.N. Convention on Climate Change, The New York Times, December 12, 2014

“Advocating a carbon tax is not some kind of argument for government planning; it is the logic of the market: That which is not paid for is overused. Even if the government had no need or use for revenue, it could make the economy function better by levying carbon taxes and rebating the money to taxpayers…Conservatives who believe in the power of markets should favor carbon taxes on market principles.”
–Former U.S. Treasury Secretary Lawrence Summers, The Washington Post, January 4, 2014

“We have held the view that a revenue-neutral carbon tax is the best option. (It) could be a workable policy framework for countries around the world. They can tailor it to their own economic conditions.”
–ExxonMobil CEO Rex Tillerson, Reuters, October 7, 2015

“I think if you ask me to choose the most important work in climate change issues, then I’ll choose carbon price. That’s because it is the driver to put us into the right track.”
–Hoesung Lee, Chair of the Intergovernmental Panel on Climate Change, The Climate Brief, September 15, 2015

“You can have growth that will protect the planet and decouple carbon emissions from growth. We can get it now, but it would be much easier if we put a price on carbon… When I meet business leaders from the very carbon-intensive industries, their openness to a carbon price is striking. They say, ‘let’s do it’.”
–Jim Yong Kim, president, World Bank, The Guardian, April 13, 2015

“People are afraid that (a carbon tax) is an excuse to raise taxes and expand government generally. We need to convince them this not a tax increase but a tax shift.”
— N. Gregory Mankiw of Harvard University, George W. Bush’s top economic adviser, The New York Times, October 13, 2015

“A straight-up, revenue-neutral carbon tax clearly is our first-best policy, rewarding an infinite and unpredictable variety of innovations by which humans would satisfy their energy needs while releasing less carbon into the atmosphere.”
–Holman W. Jenkins, Jr., The Wall Street Journal, July 2, 2015

“Let’s level the playing field for competing sources of energy so that costs imposed on the community are borne by the sources of energy that create them, most particularly carbon dioxide. A carbon tax, starting small and escalating to a significant level on a legislated schedule, would do the trick. I would make it revenue-neutral, returning all net funds generated to the taxpayers so that no fiscal drag results and the revenue would not be available for politicians to spend on pet projects.”
–Former Secretary of State George Shultz, The Washington Post, March 13, 2015

“Once people have to pay for their emissions, they find ingenious ways of reducing them.”
–Cornell Professor Robert H. Frank, The New York Times, August 2, 2014

“What we and a number of our colleagues believe is that a better way to price the externality of carbon and create a more level playing field is to pass a comprehensive and transparent national revenue-neutral carbon tax (RNCT) that would displace much of the existing energy and environmental regulatory maze.”
–Thomas F. Stephenson, Board Member and Energy Policy Task Force Member, Hoover Institution, December 2, 2014

“Price carbon to save the planet if that pleases you; price carbon to permit growth-enhancing reforms to our tax code if that pleases you; price carbon both to save the planet and to reform the tax structure, if that is your pleasure. But price it.”
–Irwin Stelzer, The Weekly Standard, May 7, 2015

“A more efficient method of limiting global warming than regulatory controls such as proposed by the President (and that as described promise to be a bureaucratic nightmare) would be a tax on carbon emissions, which I advocated in my 2005 book and which a number of countries have adopted.”
–Richard Posner, University of Chicago, The Becker-Posner Blog, July 7, 2013


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I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (.co.uk), and can be found writing articles for a variety of other sites. Check me out at about.me for more.



  • Otis11

    This is a very simplistic article, but a home run.

    Particularly liked this one:
    “People are afraid that (a carbon tax) is an excuse to raise taxes and expand government generally. We need to convince them this not a tax increase but a tax shift.”

    In 2014, there were 5,471 Million metric tons of CO2 emitted. The total Federal Tax revenue that year was almost exactly 3 Trillion. If we were to institute a national carbon tax in the US at just $10/Ton initially, and then ramp it to hit $100 per ton relatively quickly (within the first few years), that would either substantially reduce our emissions or cover almost 20% of our Total National Tax Revenue. Either way, not a bad situation to be in.

    Now if only we could balance our budget…
    (Most conservatives I know refuse to support any additional government income until we become fiscally responsible and get at least a semi-balanced budget, so that’s the biggest obstacle I see to this… especially if conservative powerhouses like Exxon are on board with it.)

  • Martin

    A lot of cities and towns advocate for carbon taxes as well, but can not introduce such taxes.

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