First Name | Vanessa |
---|---|
Last Name | Carlson |
Email Address | vcarlson@ucsd.edu |
Affiliation | UCSD |
Subject | California would benefit most from a carbon fee and dividend |
Comment | California would benefit from a carbon fee and dividend, with 100% of the money going back to the state of CA. Equally returned to Californians, 66% of Californians would end up breaking even or end up ahead, taking pressure off of the California welfare system. (on the nation as a whole) As the state is in debt, this would reduce government expenditures, decreasing the debt. A fee and dividend is straightforward and transparent, contrasting the cap and trade system considerably. The cap and trade system, which is volatile, is similar to the stock markets with its ups and downs. It is considerably less stable, increasing complication, and leaving room for companies to buy carbon credits, which keep emissions high. A cap and trade system could take up to 4 years to implement. These are four years that California can use to reduce emissions, and take pressure off of the environment. A carbon fee and dividend can be implemented immediately, by being placed in the tax code. The province of British Columbia, in Canada, enacted a carbon fee and dividend, and it has been very successful. By initiating a carbon fee and dividend, California would become a leader in reducing emissions very quickly. |
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Date and Time Comment Was Submitted | 2011-07-28 16:44:55 |
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