“The ‘bait’ for legislators is each gets to ‘bring home the bacon’ in the form of rebate checks to voters and huge new tax revenues for the federal government…. The ‘switch’ … is to propose baby steps for the first 10 years [versus what will be necessary] … in the out years.”
The “Climate Protection Act” (House) and Sustainable Energy Act” (Senate), are the latest, and perhaps the most onerous, in a series of legislative proposals that seek to tap the immense revenue stream promised by taxing carbon dioxide (CO2) emissions from fossil-fuel burning.
So-called Boxer-Sanders will neither “protect” the climate nor protect consumers and taxpayers despite its start-small provisions and gentle rhetoric.
Bait …
Sen. Barbara Boxer (D-Calif.), chair of the Environment and Public Works Committee, recently signed on as a co-sponsor of Sen.…
Continue Reading“From all signs, the wind-energy field has reached that all-important turning point.”
– C. Flavin, Wind Power: A Turning Point (Worldwatch Institute: July 1981), p. 47.
Christopher Flavin, long associated with the Washington, DC-based Worldwatch Institute (see appendix below), was among the most thoughtful and prolific energy writer in the neo-Malthusian energy/environmentalist camp. His tone was positive, his writing clear, and his research well documented. Flavin’s work is scholarly compared to his (shrill) predecessor, Lester Brown, the founder of WorldWatch. Still, Flavin’s final products are little more than lawyer briefs for energy/climate alarmism.
Flavin is now paying the price for assuming alarmism to hype market-incorrect energies. He banked on wind and solar as primary energies despite the fact that they were dilute, intermittent, and environmentally invasive. Flavin pretty much forgot his early caution and warnings about windpower (see his introduction to Paul Gipe’s Windpower Comes of Age).…
Continue Reading“The tax will not be implemented in the politically aseptic world of academic modelers, but in the real world of intense political pressures. Its assumed purity will not survive the onslaught [as demonstrated by] … Sanders-Boxer [where] the carbon tax is treated as a huge honeypot for allocating money to powerful groups, including overseas interests.”
The carbon tax, a serious proposal supported by some thoughtful people, deserves careful consideration. This tax is the subject of an extensive and often technical literature with top scholars making proposals for Resources for the Future and for the Brookings Institution. [1] The term “carbon tax,” however, has a chameleon-like quality, meaning something different in each of three different contexts.
Three Rationals
In the context of economic theory, the carbon tax is a way to deal with an imperfection in the energy market.…
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