So it begins. California is now on its way to carbon trading. The first wave is to hit in November for Industries here in California. Only 10 percent of the credits will be auctioned in the first year and by 2020 50 percent will be auctioned.
I have never been an advocate of the carbon credit/carbon trading. Touted as a simple Pigovian Tax (like any Pigovian tax is simple) It’s aim is to reduce carbon emissions. The idea is to put a limit on carbon and then have the market trade these credits around.
While I would agree that the reduction of carbon is a goal that must be pursued. We need to do better on a Global National and Individual level. I will not get into arguments about global warming and its causes. Nor will I comment on Kyoto or Copenhagen. I will simply point out that pollution is pollution and we need to mitigate this problem to the best of our abilities.
The truth is this is simply an energy tax. There is no plan to use the monies collected to research and development of carbon reduction.  The money will simply go into the hands of traders and in to the coffers of a government. As it is not taking care of externalities it cannot be considered a Pigovian Tax.
I do not like a hidden tax that everyone pays for a few understand. Put it up front for us to examine in society. Call it a tax and provide a clear path of who is paying and how much. Document where this tax money will flow, which should be for and only for carbon reduction. Plant some trees, install some carbon banks, nurture a plankton bloom, install solar water heaters with the tax money.
Call it what it is, labeling a tax as a credit is insulting.

Views: 82

Comment

You need to be a member of Home Energy Pros to add comments!

Join Home Energy Pros

Home Energy Pros

Home Energy Pros was founded by the developers of Home Energy Saver Pro (sponsored by the U.S. Department of Energy,) and brought to you in partnership with Home Energy magazine.

Latest Activity

Kim Tanner posted videos
5 hours ago
Positive Energy posted videos
10 hours ago
Profile IconErnesto , Positive Energy, Cristy Kraus and 3 more joined Home Energy Pros
11 hours ago
Hal Skinner replied to Hal Skinner's discussion 'YGRENE' super fund for energy upgrade financing
"Thanks Susan.  It is appreciated."
yesterday
Adin Maynard commented on Corbett Lunsford's video
Thumbnail

Beyond Blower Doors: Zonal Pressure Testing

"Great video. Your approach of simplifying the reading as X/50 = percent leaking to outside (with…"
yesterday
Chris Dorsi posted an event
Thumbnail

2015 Habitat X Summer National Conference at Big Sky Resort

July 21, 2015 to July 23, 2015
The 2015 Habitat X Summer National Conference will take place at Big Sky Resort, just down the road…See More
yesterday
Royce Gleason posted a status
"The passion to learn and gain more advanced energy efficiency techniques, news, videos and much more from home energy pros across the globe."
yesterday
Susan Davison replied to Hal Skinner's discussion 'YGRENE' super fund for energy upgrade financing
"Hal,   With the above questions, let me first state 'let the buyer beware'. All of…"
yesterday

© 2015   Created by Lawrence Berkeley National Laboratory.

Badges  |  Report an Issue  |  Terms of Service