Bloomberg Advocates Carbon Tax

bloomberg sitting

At a convention in Seattle Mayor Bloomberg advocated for a national carbon tax to incentivise the reduction of carbon emissions. He called a “cap & trade” method more politically feasible, but he went on to say that a carbon tax is the much better structure, as it puts a clear price on polluting.

He would balance out a pollution tax with a corresponding tax cut, so it would be revenue neutral. On an individual scale, it would encourage people and companies to watch where they release their carbon.

The NYTimes has the transcript of the speech and some interesting introduction.


Posted on Monday, November 5th, 2007 at 3:09 pm | Tagged in Global Warming, Legislation, New York City | posted by Marc

AddThis Social Bookmark Button   Print Print   Email Email