US Carbon tax

The US looks set to tax imports on the basis of the amount of carbon that they contain, according to Paul Hodges in Chemicals and the Economy. Paul is pretty focused on chemicals, but clearly coal would be pretty heavily taxed, but the so should crude oil and possibly ethanol. It will be interesting to see how imports of those two commodities fair under the new proposal.

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3 Responses to US Carbon tax

  1. David B. Benson 3 December, 2007 at 11:27 pm #

    Simon — The link is broken in that it takes me off the the Wikipedia HTTP page. :-(

  2. David B. Benson 4 December, 2007 at 11:07 pm #

    Thanks for fixing the link.

    Despite The Economist’s pontifications, this does appear to be an attractive idea not only for the US, but also the EU and any other country taking global warming seriously…

  3. Biofuelsimon 6 December, 2007 at 2:41 pm #

    If the plan is to be fair then there should be a substantial reduction for carbon from easily renewable sources.

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