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USMI2 - Carbon Tax and 100% Dividend
| Tax carbon emissions and give all of the money back to the public on a per capita basis. | |
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Description
"The root cause is our failure to make polluting fossil fuel energy more expensive than clean
energy. We must put a price, a rising price, on carbon emissions. "
- James E. Hansen in a Testimony to the Committee on Ways and Means in the United States House of Representatives.
The 3 numbers that justify this:
I. 2 degrees: Level of warming global leaders agree is the bottom line.
II. 565 Gigatons: Amount of carbon dioxide we can put in the atmosphere and stay below 2 degrees.
III. 2,795 Gigatons: This is the amount of carbon that is stored in fossil fuel reserves in the form of coal, oil, and gas that is above ground economically and already figured into share pricing. 5x the amount of carbon our atmosphere can handle.
The Market must curb consumption.
energy. We must put a price, a rising price, on carbon emissions. "
- James E. Hansen in a Testimony to the Committee on Ways and Means in the United States House of Representatives.
The 3 numbers that justify this:
I. 2 degrees: Level of warming global leaders agree is the bottom line.
II. 565 Gigatons: Amount of carbon dioxide we can put in the atmosphere and stay below 2 degrees.
III. 2,795 Gigatons: This is the amount of carbon that is stored in fossil fuel reserves in the form of coal, oil, and gas that is above ground economically and already figured into share pricing. 5x the amount of carbon our atmosphere can handle.
The Market must curb consumption.
Arguments
It's time to transition into a clean energy economy that will jump start the 21st-century industries and put the United States on a path for energy independence.
A gradual carbon tax and 100% dividend would do just that by increasing the price of carbon to reflect its real cost while simultaneously giving every penny of that tax back to the American people. Most would make $. This tax gives a strong incentive to replace inefficient infrastructure. It spurs the economy. It spurs innovation.
This article is where the 3 Numbers came from:
http://www.rollingstone.com/politics/news/global-warmings-terrifying-new-math-20120719
A gradual carbon tax and 100% dividend would do just that by increasing the price of carbon to reflect its real cost while simultaneously giving every penny of that tax back to the American people. Most would make $. This tax gives a strong incentive to replace inefficient infrastructure. It spurs the economy. It spurs innovation.
This article is where the 3 Numbers came from:
http://www.rollingstone.com/politics/news/global-warmings-terrifying-new-math-20120719
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