Hansen vs Krugman

More

A pretty good way to contrast and compare the carbon tax with cap and trade. Hansen's core case:

A gradually rising carbon fee would be collected at the mine or port of entry for each fossil fuel (coal, oil and gas). The fee would be uniform, a certain number of dollars per ton of carbon dioxide in the fuel. The public would not directly pay any fee, but the price of goods would rise in proportion to how much carbon-emitting fuel is used in their production.

At some point, the public decides to switch to cheaper, greener goods. Krugman's response is that cap-and-trade is a de facto kind-of-carbon fee (except with a mountain of regulation, speculation in selling pollution permits, and the possibility of just moving carbon emissions around - through dubious off-sets -  rather than reducing them). But Krugman's core point is political: cap and trade is all our system can achieve; it's that or nothing; so shut up.

I hope Hansen doesn't shut up. His proposal is simpler, clearer, fairer and more likely to wean us off carbon sooner.

Jump to comments

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Get Today's Top Stories in Your Inbox (preview)

Juice Cleanses: The Worst Diet

A doctor tries the ever-popular Master Cleanse. Sort of.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Juice Cleanses: The Worst Diet

A doctor tries the ever-popular Master Cleanse. Sort of.

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Video

What If Emoji Lived Among Us?

A whimsical ad imagines what life would be like if emoji were real.

Video

Living Alone on a Sailboat

"If you think I'm a dirtbag, then you don't understand the lifestyle."

Feature

The Future of Iced Coffee

Are artisan businesses like Blue Bottle doomed to fail when they go mainstream?

Writers

Up
Down