Climate Change
A carbon tax is unnecessarily discriminatory. By that I mean it places a larger than needed burden on some polluters than on others. For example, assume there are two 1,000 tonne per year polluters producing the same product. However, the CO2 abatement cost for one is $40 per tonne and $400 per tonne for the other.
Climate Change
A major, if not the primary, reason to tax carbon is to make carbon intensive goods more expensive. Tax proponents say we will buy fewer of these goods if they cost more. Lower sales will encourage producers to shrink their carbon footprint.
Read more “Blowing Smoke?”
Climate Change
In Eating One’s Young and Pricing Carbon Does Not a Market Make, I observe an obvious fact: a carbon tax is not collected if there are no emissions. Tax revenues exist only where abatement policy has failed. Where policy succeeds, both revenues and
Read more “Unfairness #1: Carbon Tax as Tariff”
Climate Change
Market efficiencies are touted as a carbon tax benefit. This is a misconception; a myth easily belied. Markets have buyers and sellers. A commodity’s price rises and falls to sync supply with demand. If supply is short, the price rises until new suppliers find the market Read more “Pricing Carbon Does Not a Market Make”
Climate Change
Guppies have been known to eat their young. There are probably evolutionary reasons for this. In our vernacular, however, the idiom implies a short sighted benefit at the expense of long term advances – a quick snack endangering survival of the species. In this sense, both the carbon tax with revenue recycling and the cap and trade with auctioned allowances may also eat their young. Read more “Eating One’s Young”
Climate Change
A carbon tax is a bad idea, a really bad idea. This post describes one of several reasons. A carbon tax plays what was described to me as “The Rock Game.” In 2002, our attorney, hydrogeological consultant and I negotiated a consent decree with the State of Wyoming to address historical solid and hazardous waste at Read more “The Rock Game”
Climate Change
On March 28, 2018, I was lucky to be a guest lecturer at Colorado State University in Fort Collins, Colorado. I presented this proposal for regulating greenhouse gases to Dr. Melissa R. McHale’s Ecosystem Science and Sustainability class. The students were sharp, interested and enthusiastic. Read more “Fort Collins Lecture”
Climate Change
It’s time to move on to CO2 regulation and apply what’s been learned from the RFS RIN market to a more significant challenge. Read more “How to Regulate CO2 – A Modest Proposal”
RFS Point of Obligation
This is my last planned post on the RFS point of obligation. Here are my observations from the previous eleven posts plus some thoughts not directly covered in those posts. Some of these observations should be applicable to regulating CO2 and other greenhouse gases.
RFS Point of Obligation
Well, as a matter of fact and law, there is. In “Why mess with it?,” I listed a future post on the illegality of the RFS obligated party definition/point of obligation. Until now, I avoided legal citations and discussion. No longer. I’ll keep law-speak to a minimum.
The definition of obligated party and, therefore, the RFS point of obligation are illegal because exempt gasoline blenders, Read more “There Oughta Be a Law!”