Cap & Trade versus Fee & Dividend

Jim Hansen makes a reasoned case for a Fee & Dividend approach to carbon emissions as opposed to a Cap & Trade scheme which opens the door to political and special interest “gaming”, as well as the new financial “casino” and Wall Street revenue stream created for carbon credits/offsets.

For the record, neither plan is really a “tax”, they just provide price signals for true free market choices by internalizing the externalized costs of depletion and pollution that are currently dumped free of charge on the planet, taxpayers, and all of humanity.  Although it promotes both objectives, Hansen’s plan is more about accelerating the transition to  a renewable energy economy than it is about climate change.

You can download Hansen’s essay here.


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