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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s