Thursday, May 23, 2013

Seven thrilling facts about carbon taxes from the CBO

Seven thrilling facts about carbon taxes from the CBO "But the details are always thorny: How big should the tax be? Should the revenue be rebated to the public? How do you avoid putting a heavy burden on the most vulnerable? The newest analysis from the CBO delves into all of those questions and more."

Meanwhile China reveals details of first carbon trading scheme. "The world’s biggest carbon emitter, China is planning to experiment with carbon trading schemes during the next three years as it seeks to cut emissions. Beijing is targeting a 40 per cent reduction in emissions relative to economic output by 2020, from 2005 levels, but hasn’t identified what means it will use to reach that goal."

(FT wants me to use their tools to share, but they didn't have a blogging option and I didn't copy the whole article just the summary opening paragraph with a link to their site. That should be fine fair use, as I'm directing people to them.)

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