Carbon Caps Are the Best Policy

Why taxing emissions is an inferior approach.

Curbing carbon emissions will spur a new generation of competition for the old ways of generating energy, especially from Big Oil. So when Exxon Mobil CEO Rex Tillerson says he favors a carbon tax over a cap-and-trade system, it's worth asking why the energy giant would want to put a government levy on its own product.

Perhaps Exxon has concluded what many analysts already know: That the best chance to overhaul our oil-addicted economy is through ... Full Story »

Posted by Fabrice Florin
Tags Help
Editorial Help
Posted by: Posted by Fabrice Florin - Mar 24, 2009 - 12:21 PM PDT
Content Type: Article
Edit Lock: This story can be edited
Edited by: Fabrice Florin - Mar 24, 2009 - 12:31 PM PDT
Fabrice Florin
3.7
by Fabrice Florin - Mar. 24, 2009

Interesting opinion in favor of cap-and-trade for curbing carbon emissions (instead of a carbon tax), by the president of Environmental Defense Fund. The author argues convincingly that a carbon tax could be used as a license to pollute, whereas a cap is more effective in achieving additional reductions below current levels, and reselling them to others as carbon credits. This article is reasonable, well thought-out and provides ample factual evidence to back its points.

See Full Review » (11 answers)
Jim Lang
4.0
by Jim Lang - Mar. 26, 2009

This is a well reasoned and persuasive opinion piece in its argument for an emissions cap and trading of emission permits. What it doesn't address, though, is the devisive issue of how allowances would be allocated.

Heavy emitters argue that they need free allowances to allow them to finance emission controls and cleanup. Those with low emissions, though, argue that rewarding high emissions isn't fair.

See Full Review » (12 answers)
Dwight Rousu
2.8
by Dwight Rousu - Mar. 24, 2009

Krupp has better credentials than most of the authors in the WSJ, but the article is limited in perspectives and options. The article in The Bulletin provides more diverse viewpoints to consider.

Carbon taxes are (can be) simpler than cap and trade. How about a mixed system?

See Full Review » (13 answers)
Patricia L'Herrou
3.9
by Patricia L'Herrou - Mar. 26, 2009

while mr. krupp's arguments are effective and sound compelling , what i would want to see included are both more than one example from the world, and more sources, voices from experience, even from the example he offers about acid rain, from the companies involved then.

See Full Review » (11 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

3.6

Good
from 5 reviews (50% confidence)
Quality
3.6
Information
3.8
Insight
3.8
Style
4.0
Context
3.0
Enterprise
3.2
Expertise
2.8
Originality
3.6
Relevance
4.4
Popularity
3.5
Recommendation
3.8
Credibility
3.4
# Reviews
2.5
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

  • Carbon tax vs. cap-and-trade | Bulletin of the Atomic Scientists Pending

    ()
    Posted by Dwight Rousu
  • Environmental Economics: ECON 101: Carbon Tax vs. Cap-and-Trade Pending

    Posted by Dwight Rousu
  • Emissions trading - Wikipedia, the free encyclopedia Pending

    Posted by Kristin Gorski
  • A Cap And Trade Calamity?

    If the president remains committed to Making Work Pay and clean energy investment, he will probably have to agree to equivalent spending reductions elsewhere, because fiscal ...
    Posted by Derek Hawkins