Subscribe free to our newsletters via your
  Energy News  




Subscribe free to our newsletters via your




















ENERGY NEWS
Republican ex-top diplomats propose a carbon tax
by Staff Writers
Washington (AFP) Feb 8, 2017


Several senior Republican statesmen, including former secretaries of state and the treasury department, proposed Wednesday a carbon tax as a way of fighting the threat posed by climate change.

Their proposal aims to scrap former president Barack Obama's environmental regulations in favor of taxes on polluting emissions that could be returned to everyday Americans as cash.

"Mounting evidence of climate change is growing too strong to ignore," said the proposal, called "The Conservative Case for Climate Dividends" and issued by the Climate Leadership Council.

The group includes former secretary of state James Baker who served under George H.W. Bush; Henry Paulson who was treasury secretary under George W. Bush, and George Schulz, who was secretary of state under Ronald Reagan.

"While the extent to which climate change is due to man-made causes can be questioned, the risks associated with future warming are too big and should be hedged. At least we need an insurance policy."

The vast majority of climate scientists agree that human activity -- primarily the burning of fossil fuels like oil, gas and coal -- is sending more greenhouse gases into the atmosphere and warming the planet.

The notion of somehow taxing carbon emissions in order to make polluting a less favorable business venture, has been promoted mainly by left-leaning environmental groups in the past.

But the proposal by the former Republican leaders urged conservatives to consider the idea anew, now that Donald Trump is US president and Republicans hold a majority in both houses of Congress.

Trump has called for a rollback of environmental regulations established under Obama, describing them as "job-killers," and has nominated a leading critic of such measures to head the Environmental Protection Agency.

The new proposal -- which Baker planned to discuss with Vice President Mike Pence, and Gary Cohn director of the National Economic Council at the White House on Wednesday -- would establish a "gradually increasing tax on carbon dioxide emissions," starting at $40 per ton.

"This tax would send a powerful signal to businesses and consumers to reduce their carbon footprints," said the group's proposal.

"The proceeds would be returned to the American people on an equal basis via quarterly dividend checks," it added, amounting to some $2,000 the first year for a family of four.

The plan would also impose fees on imports from countries without comparable carbon pricing, to "protect American competitiveness and punish free-riding by other nations, encouraging them to adopt their own carbon pricing."

Finally, the plan would eliminate "regulations made unnecessary by the carbon tax... including an outright repeal of the Clean Power Plan."


Comment on this article using your Disqus, Facebook, Google or Twitter login.

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links







Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
ENERGY NEWS
Climate change may overload US electrical grid: study
Miami (AFP) Feb 6, 2017
As the planet warms due to climate change and hot days become more common, the US electrical grid could be unable to meet peak energy needs by century's end, researchers warned Monday. The cost to upgrade the US electrical grid so it could cope with peak demands may be on the order of $180 billion, said the report in the Proceedings of the National Academy of Sciences. "As the electricit ... read more


ENERGY NEWS
Republican ex-top diplomats propose a carbon tax

Climate change may overload US electrical grid: study

Action is needed to make stagnant CO2 emissions fall

Nordic countries are bringing about an energy transition worth copying

ENERGY NEWS
Building a better microbial fuel cell - using paper

Researchers flip script for Li-Ion electrolytes to simulate better batteries

Toward all-solid lithium batteries

Scientists take the first step toward creating efficient electrolyte-free batteries

ENERGY NEWS
Prysmian UK to supply land cable connections for East Anglia ONE offshore wind farm

Russia's nuclear giant pushes into wind energy

The power of wind energy and how to use it

Largest US offshore wind farm gets green light

ENERGY NEWS
EU to phase out China solar panel duties

NREL research pinpoints promise of polycrystalline perovskites

Material can turn sunlight, heat and movement into electricity

NRDC: States should lead low-carbon economy

ENERGY NEWS
Iran imports 149 tonnes of uranium from Russia: atomic chief

France's Areva picks up Japanese investors

Three new uranium minerals from Utah

Russia 'ready' to entirely fund Hungary nuclear plant

ENERGY NEWS
A better way to farm algae

DuPont Industrial Biosciences to develop new high-efficiency biogas enzyme method

Cathay Pacific to cut emissions with switch to biofuel

Populus dataset holds promise for biofuels, materials, metabolites

ENERGY NEWS
U.S. exploration and production activity rising

US authorities clear pathway for Dakota pipeline

U.S. supply levels drag on oil prices

Some OPEC members bucking trend

ENERGY NEWS
The ancient Indus civilization's adaptation to climate change

EU ahead of the curve on climate fight

Land-use change possibly produces more carbon dioxide than assumed so far

Role of biosphere counteracting climate change may be underestimated




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement