Questionable Motives

December 15, 2009

Taxing carbon: can we let Mother Nature set the rate?

Filed under: Argument,Environment,Global Warming — tildeb @ 3:28 pm

Dr. McKitrick , an economist at the University of Guelph in Ontario, expects this climate conference in Copenhagen to yield the same results as previous ones: grand promises to cut carbon emissions that will be ignored once politicians return home to face voters who are skeptical that global warming is even a problem.

To end this political stalemate, Dr. McKitrick proposes calling each side’s bluff. He suggests imposing financial penalties on carbon emissions that would be set according to the temperature in the earth’s atmosphere. The penalties could start off small enough to be politically palatable to skeptical voters.

If the skeptics are right and the earth isn’t warming, then the penalties for burning carbon would stay small or maybe even disappear. But if the climate modelers and the Intergovernmental Panel on Climate Change are correct about the atmosphere heating up, then the penalties would quickly, and automatically, rise.

“Either way we get a sensible outcome,” Dr. McKitrick argues.

From the article here.

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