The ‘smart’ carbon pricing plan

Washington Post
July 11, 2021
By Mark Gill

Climate change damage is greatly accelerating, so we must address how to greatly decelerate greenhouse gas emissions. The carbon tax framework proposed by James A. Baker III and Greg Bertelsen was a made-to-order game changer.

 There will be reshuffling in the employment area as a result of a carbon tax. So it seems prudent to add to the framework a set-aside of some of the carbon fee collected to help provide a soft-landing for those in the petroleum and natural gas sectors and related jobs whose earnings decline as a result of the carbon tax. 

To keep from being outmaneuvered by our industrial rivals, we also need to ensure that our chemical industries that use petroleum as a basic raw material do not flounder as a result of price increases caused by the carbon tax. 

Mark GillChantilly