James Griffin [of] Texas A&M’s Bush School of Government […] is a carbon-tax advocate who begins by acknowledging what everyone knows but hardly anyone says: that, absent subsidies and mandates, renewables and so-called green energy could not begin to compete with oil and coal, and the market would be entirely dominated by fossil fuels.
The carbon tax is one of those policy ideas that is largely sound in theory but runs up hard upon the shoals of reality. I am not convinced that a national carbon tax would change U.S. consumer behavior to such an extent that it would have positive effects on what is after all a global phenomenon, nor am I convinced that the U.S. government would use the revenue from a carbon tax to invest in real climate-change mitigation. That makes the carbon tax a very expensive way of demonstrating good intentions, which does not seem to me like a very fruitful way to work. And compared to more direct programs, such as clearing the way for the development of new, modern, nuclear-power facilities, a carbon tax is even less attractive.
Kevin D. Williamson, “The Case for a Carbon Tax”, National Review, 2017-03-08.
February 9, 2019
QotD: The global utility of a national carbon tax
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