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June 1, 2008
George Will busts a cap in cap-and-trade
As seen in today's Commercial Appeal:
[W]hy not a straightforward tax on fossil fuels based on each fuel's carbon content? This would have none of the enormous administrative costs of the baroque cap-and-trade regime. And a carbon tax would avoid the uncertainties inseparable from cap-and-trade's government allocation of emission permits. So a carbon tax would be a clear and candid incentive to adopt energy-saving and carbon-minimizing technologies.
[C]ap-and-trade, by hugely increasing the amount of politics in the allocation of money, would guarantee a surge of money into politics.
Policy | By joe lance | 9:56 AM
