Global Carbon Tax Is the Answer
Ralph Nader & Toby Heaps | December 3, 2008
Barack Obama should adopt Al Gore's proposal for a carbon tax on a global scale. ++ In today's hyper-globalized economy, cap-and-trade systems that only apply to certain countries are not a viable solution. ++ A harmonized tax would allow for cheaper and cleaner energy in the long term. ++ An incentive for developing countries to participate could come in the form of access to a portion of rich countries' levies. ++ Adopting such a scheme may well allow Obama to herald a definitive response to the climate change challenge.
