U.S. Carbon Taxes Are Facing New Troubles On The Left

Carbon taxes are facing new troubles on the left even as the idea is beginning to slowly inch from the political wilderness on the right.

Why it matters: The posture of ascendant progressives is another reason why it’s unclear if carbon taxes will ever emerge as a central federal climate policy. It’s a stark contrast from a decade ago, when Democrats put a different pricing method — a cap-and-trade plan — at the center of the climate bill that passed the House but collapsed in the Senate.

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Where it stands: For economists who believe pricing should play a major role in stemming emissions, it’s a game of whack-a-mole. Consider…

  • Americans for Carbon Dividends — a group aligned with GOP elder statesmen and backed by major oil companies — is lobbying for a carbon tax that would nix key emissions regulations in return.
  • And, a very small bipartisan group of House members has formed around a CO2 tax proposal as well and plans to revive it this year.

Yes, but: On the left, activists working with House progressives led by Rep. Alexandria Ocasio-Cortez have signaled that while they see a role for pricing in a sweeping Green New Deal (GND), it’s far from the tip of their spear. Data for Progress’ Greg Carlock tells Axios…

A carbon price should not be the centerpiece of legislation, it should be about spending and regulations to get the economy on an ambitious decarbonization pathway. … Carbon prices and tax may have a role, but more to change market incentives and break up concentrations of wealth and income.”

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The post U.S. Carbon Taxes Are Facing New Troubles On The Left appeared first on The Global Warming Policy Forum (GWPF).

via The Global Warming Policy Forum (GWPF)

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January 17, 2019 at 04:21AM

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