The Case for a Carbon Tax by Shi-Ling Hsu

Author:Shi-Ling Hsu
Language: eng
Format: epub
ISBN: 9781610911788
Publisher: Island Press
Published: 2012-10-11T16:00:00+00:00

Conclusion

Not all the arguments for a carbon tax apply in all respects when compared to other instruments to reduce greenhouse gases. Indeed, the ten arguments listed above leave room for some reservations. The purpose of this chapter has not been to lay waste to any residue of a doubt that a carbon tax is the best way forward in all respects and all circumstances. Rather, the purpose has been to explore various policy considerations and articulate how a carbon tax enjoys advantages over the alternatives.

Fundamentally, the most important thing is to establish a price on carbon dioxide as soon as possible, and as broadly as possible. Alternatives attempt to achieve this indirectly. The carbon tax does it directly. Taking all considerations into account, a carbon tax exhibits the best combination of characteristics for pricing and reducing emissions. In the complicated world of domestic climate policy and international relations, a carbon tax, because of its breadth, its simplicity, and its ability to piggyback on existing regulatory infrastructure, offers the greatest chance to reduce greenhouse gas emissions immediately.

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