Saturday, February 26, 2011

How does a tax battle climate change?

Firstly, I am no scientist.  I am no economist.  I believe the majority of climate scientists agree in anthropogenic climate change.  This is purely my take on the rectification of climate change.

My problem with the carbon tax (apart from the lie / not  a lie argument) is that I don't see how this type of tax will reduce carbon emissions or have any effect on climate change.  To place a tax on how much carbon is released in the air has no bearing on the amount of carbon being released.  It simply charges an amount of money.  There is no cap on emissions. 

Surely, there needs to be a cap on the amount of emissions released and a way of forcing polluters to control and reduce the amount of emissions they produce.  Wasn't this the idea of the ETS? 

I haven’t seen any any better way of reducing emissions than an ETS.  We really need a sensible debate in the open air without politics coming into it.  But I think that is a fanciful idea!

Please give me your feedback on this debate and tell me if I have it way off on the carbon tax.