Fuel economy standards are a silly way to address the harm that burning fossil fuels causes. Instead, let’s take away the free taxpayer supported advantage oil companies have enjoyed for the past 100 years.
New research claims adding a fee on carbon emissions would spur innovation and drive greater efficiency in the energy and transportation sectors.
Economic experts in Germany say the fastest way to meet the country’s carbon reduction goals is to impose a fee on carbon emissions of between 25 and 50 euros per ton. Just don’t call it a tax!
Carbon fees are an economically efficient way of including the social cost of carbon emissions into the cost of fuel. The state of Washington and Canada are both moving toward carbon fees to lower their greenhouse gas emissions.
House Republicans voted to ban any carbon tax last week, ensuring America will continue to lag behind other countries in addressing climate change.
