Letter to the editor: Carbon tax would slow climate change
Carbon tax would slow climate change
Sometimes the simplest solution is the best solution. For example, just last week as reported in many regional news outlets, the California State Legislature passed into law, Assembly Joint Resolution 43, calling for the US Congress to implement a carbon tax in the form of a "progressive fee and dividend" which would go a long way towards solving the threat of accelerating climate change. The "fee" would be levied at the lowest point in the fossil fuel supply chain – wellhead, mine or port of entry. The "dividend" would be distributed equally to all households in the USA.
This carbon fee will go a long way towards solving the threat of accelerating climate change. The highly respected Regional Economic Models, Inc (REMI), estimates that within 10 years, carbon dioxide emissions would be reduced by 33 percent. They further estimate that national employment would be increased by 2.1 million jobs and the average monthly dividend for a family of four would be $288.00.
This simple revenue neutral solution to climate change is especially favored because it would not grow big government. Furthermore the carbon fee is favorably viewed by the fossil fuel industry because it is transparent, market-based, minimally disruptive to the economy and sends a clear predictable price signal to business.
The Vermont General Assembly should follow California's lead in calling for this simple, easily managed and relatively painless national solution to climate change.
— William C. Thwing Bennington
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