Could Carbon Tax Be Clunky, Too
Hat tip to a co-worker of mine for pointing me in the direction of this Wall Street Journal article about France contemplating a carbon tax: "France Moves to Levy Carbon Tax on Fossil Fuels." Ominously, as my colleague points out, carbon tax policy may be as rife as cap-and-trade with horse-trading: loopholes are inevitable as the price of support, leading to inefficiencies that steeply mitigate the theoretical gains to environment and economics. I have posted early and often about a carbon tax's advantage over cap-and-trade being its simplicity, and am no forced, not necessarily to eat my words, but to be as vigilant about a carbon tax policy's details as I have been about cap-and-trade. Let the games begin!