Can Tax Policy Slow Global Warming?
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June 5, 2007 There is increasing scientific consensus that the earth will warm significantly in this century, due largely to carbon emissions from the burning of fossil fuels. The United States has not signed on to the Kyoto protocol to limit these emissions, but Congress and state governments are considering policies to reduce them. Tax policies can be part of an approach that relies on decentralized markets instead of "command and control" regulations to address energy use and the problem of global climate change produced by greenhouse gas emissions. The panelists will consider a variety of policy responses, including a tax on the carbon content of fuels, tax incentives for alternative energy sources, and cap-and-trade systems to limit carbon emissions.
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