Carbon Tax

A statue of former Chinese leader Mao Zedong is seen in front of smoking chimneys at Wuhan Iron And Steel Corp in Wuhan, Hubei province (REUTERS/Stringer).

Opinion

China’s Carbon Tax Proposal Highlights the Need for a New Track of Climate Talks

March 15, 2013, Adele Morris, Warwick J. McKibbin and Peter J. Wilcoxen

China’s announcement of a carbon tax, and the underwhelming response of the international community, shows that it’s time to start an international conversation about pricing carbon write Adele Morris, Warwick McKibbin and Peter Wilcoxen. The authors call for a Carbon Pricing Consultation (CPC) that would allow China and other countries that want to price carbon to learn more about it, exchange views, find out what other countries are considering, and potentially coordinate their policies.

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In the News

On the environmental objective, certainly we are concerned about greenhouse gas emissions from fossil fuels. But we argue that the best way to address that would be to put a price on carbon, for example through a carbon tax, rather than try to subsidize alternatives. [That]'s much less efficient. The way the [current] rules work, electric vehicle manufacturers can sell credits to other automakers toward their fuel economy standards, so that means that other automakers can sell more polluting cars for every electric car that's sold.
February 23, 2013, Adele Morris, National Public Radio
In the News

There's going to be a demand for revenue, essentially, for the United States government to close its budget deficit over the coming years, and a carbon tax is one way where there's a possibility of taxing so-called bad CO2 emissions and off setting that with tax reductions on capital or income and this could have a positive effect of improving effiency and stimulating economic growth.
November 30, 2012, Joshua Meltzer, Sky Business
In the News

We should reform the tax system, no question. We are going to need to move beyond the current set of tax instruments to raise the needed revenues—a VAT and or a carbon tax seem like the obvious ways to go.
November 27, 2012, William G. Gale, New York Times