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Article: Carbon tax picks up support outside US.
- Article from:
- The Oil Daily
- Article date:
- October 16, 2009
- Author:
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As Washington policymakers weigh measures for reducing domestic greenhouse gas emissions, the idea of a national carbon tax in the US as an alternative to a cap-and-trade structure has never gained much serious traction.
Recent Senate legislation from John Kerry (D-Massachusetts) and Barbara Boxer (D-California), along with a House bill passed in June, both propose a cap-and-trade system of emissions allowances, while carbon tax proposals from some lawmakers have received little attention from Congressional leadership to date.
Outside of the US, however, a carbon tax is now under serious review by China, Japan and the European Union. And although France ...