Source: IS CARBON TAX A “SILVER BULLET”? YES. – Reality Hub
We frequently hear those climate activists who are skeptical of carbon fee and dividend legislation (see, e.g., The Energy Innovation and Carbon Dividend Act, H.R. 763) dismiss it as not a “silver bullet.” What is meant by this seemingly pejorative comment I’m not entirely sure, but clearly carbon fee is a necessary and urgent measure in reducing carbon emissions quickly. It may not be the only legislative initiative we undertake, but what is not sufficiently understood and appreciated among climate activists is that carbon fee has been shown by economists to be the single most effective step we can take to dramatically lower emissions. It may not be a “gold” bullet, capable of achieving 100% of the necessary reductions (net zero by 2050 or sooner), but it surely qualifies as a “silver” one, getting us most of the way there all by itself. No other legislative proposal comes close.
Leave a Reply