Thursday, September 03, 2015

A Call for a Carbon Tax

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

While prospects for a comprehensive carbon price are dim, especially in the U.S., many other policy approaches can spur the renewables revolution, according to a new policy article published in Nature.

The current price of carbon - which is below zero, once fossil-fuel subsidies are taken into account - is far too low given the hidden environmental, health and societal costs of burning coal and oil.

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