by Brady Knox
Sen. Mitt Romney (R-UT) voiced his support for a carbon tax in order to help combat climate change.
At a Washington Post webinar on Thursday, Romney spoke about the necessity of fighting climate change. In his view, the most useful tool would be a carbon tax, which would push the private sector to innovate towards clean energy.
“The folks at MIT, as you probably know, built a model saying, ‘Okay, what things that we do, will actually reduce emissions, reduce temperatures or hold temperatures from going up as fast as they have it. What can we do?’ And the number one thing, and frankly, the only thing that had a major impact was having a price on carbon, the carbon tax either through or through a whole series of mechanisms, but a carbon tax or some kind of price on carbon with border adjustment taxes. That’s the only thing that has a significant impact,” Romney said.
https://twitter.com/rjohnson_ca/status/1603742301591072768
#
Flashback: ANALYSIS: CARBON TAXES INCREASE GLOBAL CO2 EMISSIONS. PERIOD.
‘Not only does the logic show that carbon taxes in the West will invariably increase global CO2 emissions, but so does the empirical evidence…adopting carbon taxes in the West will actually raise global carbon emissions by offshoring economic activity from relatively environmentally-friendly places, like the USA and Germany, to places with lax environmental laws, like China. Open Markets & Offshoring, or How Carbon Taxes Raise Global CO2 Emissions. Wealth is like water: it flows to the lowest possible point, and continues to do so until the level is equal. This is why consumers chase cheaper goods, why investors look for undervalued companies, and why multinationals offshore to cheaper markets. This last point—offshoring—is why Western carbon taxes will actually increase global emissions.’
