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Politics : Politics of Energy
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To: Wharf Rat who wrote (38746)3/4/2013 9:40:40 PM
From: Maurice Winn1 Recommendation  Read Replies (1) of 86356
 
30 years after I first suggested a carbon tax [to mitigate CO2 emissions], with compensating reductions in other taxes and payments to old people and others who would otherwise face a major increase in tax [as they don't have offsetting tax reductions], the world is trundling around to my way of thinking after heading off down the Enron track of carbon credit trading scams.

Mosquitoes can measure CO2 emissions, so I dare say it's a reasonable idea that people can measure CO2 emissions too - so that those who do not emit CO2 could get tax reductions. For example, a power station which liquifies their CO2 and pipes it to the bottom of the ocean might be granted a tax cut.

The good thing about a carbon tax instead of the emissions trading scam is that a country can do it whether or not any other country does it. If New Zealand wants more CO2 so doesn't cut their emissions, then they will have to compete with countries which allow lower taxes on other products. So much energy is required on-site that it would not be possible for carbon-burning industry to simply relocate to NZ.

Airliners would refuel at Dubai instead of at Beijing [if China demanded huge carbon taxes]. Aluminium smelters burning carbon would be based in low tax countries, though the one in Iceland and the one in NZ do not use carbon combustion for energy [geothermal and hydroelectric respectively].

Mqurice
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