Tuesday, July 17th, 2012...6:10 pm
Two Words: Carbon Tax
Mark Fulton, Managing Director and Global Head of Climate Change Investment Research at Deutsche Bank, said yesterday at Society for International Development’s workshop on climate finance:
From what I see, the two biggest crises of our age are the climate crisis and the debt crisis, and in order to address both of them, two words: carbon tax.
What a novel idea! Oh wait, it has been around since the 60s.
data source: Resources for the Future Discussion Paper “Moving U.S. Climate Policy Forward: Are Carbon Taxes the Only Good Alternative? by Senior Fellows Ian Parry and Roberton Williams III