What was it that carbon-tax proponents always say about a tax being the simpler, easier solution to curb carbon emissions?If not, no worries, but if so, this is just silly. Just like cap-and-trade, a carbon tax would require millions of entities to track their carbon emissions, have those emissions audited and processed by the CO2 IRS. Add that to the fact that any carbon tax that got passed would inevitably be riddled with loopholes and exceptions, it's not at all clear that the administrative burden would be any less than the one we're contemplating now for cap-and-trade
A strategy consultant tries to piece together, bit by bit, how humankind has used natural resources and how we might and should use them in the future. Some scope creep is inevitable.
The cost of administering a carbon tax
According to the CBO, administering cap-and-trade will cost $7.5bn over the next decade (at <$1bn/year, doesn't sound too horrendous). I can't tell if Environmental Capital is trying to be snarky here:
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