Thursday, August 14, 2014

Revenue-Neutral Carbon Tax with Global Temperature Indexation

The Climate Colab at MIT is running a competition for innovative climate policy proposals. Richard Hobbs is a local contender in this competition. You can support his proposal or make comments here. The winner will get to fly to MIT to present their proposal to US politicians, policy makers, economists, business executives and NGOs. Richard's proposal is a revenue-neutral carbon tax meant as a policy platform for the Republicans to bring forward to the next US election. It is revenue-neutral (cutting capital gains taxes and corporate taxes) and it is temperature indexed (so if climate sceptics are right the price trends to a low level).

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