WAITING FOR THE OTHER SHOE TO DROP
As a follow up to yesterday's post, oftentimes the "yeah but" in the room is the notion that any carbon tax in the US would simply export pollution elsewhere and/or make the US uncompetitive vis a vis the rest of the world; and by "elsewhere" and "rest of the world" in those two statements, usually people mean "China." Well guess what? "China May Impose retail Fuel Tax." [Link courtesy of Greg Mankiw's blog.]
Good news, future grandkids of mine: we're heading towards a world in which carbon is properly priced. Now let's hope I'll also be able to tell those future grandkids of mine: "And then President Obama bravely moved the US towards a carbon tax that set in motion all sorts of rational behavior concerning consumption of natural resources, land use patterns, and transportation mode choice."
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1 comment:
Didn't China also outright ban plastic grocery bags (maybe that was just Beijing). That may not be as effective as carbon pricing, but it at least deflates the image of China as a reckless force of insatiable growth.
Anyway, I totally agree with you. We don't give them enough credit, and the sort of chicken-and-egg logic you bring up will only result in a standstill. Shouldn't America be a leader in the world?
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