By Mike Aucott
The idea of putting a broadly-applied price on carbon dioxide emissions from combustion of fossil fuels from all major sectors of the U.S. economy is gaining traction. Several national organizations are actively supporting a carbon tax, including Citizens’ Climate Lobby, the Climate Leadership Council, the Carbon Tax Center, and PUTAPRICEONIT.
A number of nations and other jurisdictions already have some form of carbon pricing. A group of Princeton University students, the Princeton Student Climate Initiative, is exploring ways to strengthen New Jersey’s effort to cut greenhouse gas emissions, including development of a state-level carbon tax.
While state-level programs to price carbon could be effective, carbon pricing approaches will be more effective if they are national and, ideally, international in scope.