Lots and lots of agreement with this.
Lawrence Summers: Oil's swoon creates the opening for a carbon tax
"The
core of the case for taxation is the recognition that those who use
carbon-based fuels or products do not bear all the costs of their
actions. Carbon emissions exacerbate global climate change. In many
cases, they contribute to local pollution problems that harm human
health. Getting fossil fuels out of the ground involves both accident
risks and environmental challenges. And even with the substantial recent
increases in U.S. oil production, we remain a net importer. Any
increase in our consumption raises our dependence on Middle East
producers.
All of us, when we drive our cars, heat our homes or
use fossil fuels in more indirect ways, create these costs without
paying for them."...
"Progressives who are most concerned
about climate change should rally to a carbon tax.
Conservatives who
believe in the power of markets should favor carbon taxes on market
principles. And Americans who want to see their country lead on the
energy and climate issues that are crucial to the world this century
should want to be in the vanguard on carbon taxes. Now is the time."
And, I may add ... we can fund emission-free nuclear energy as well, particularly both maintenance on existing plants and R&D for things like mini (aircraft carrier-scale) neighborhood nuke plants.
Let's go with the right tax at the right time. Now.
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