Carbon Tax with Reinvestment Trumps Cap-and- Trade

Sewalk, Stephen
April 2013
Pace Environmental Law Review;Spring2013, Vol. 30 Issue 2, preceding p580
Academic Journal
The article introduces carbon tax with reinvestment, whereby all taxes raised by the carbon tax are reinvested into specific low-to-no carbon energy sources resulting in a systematic reduction in total carbon emissions. It elucidates the term "carbon tax" and reviews the current opinion surrounding carbon tax proposals with reference to the available literature. Further, it provides an overview of the existing cap-and-trade proposals to date while evaluating European Union's Emission Trading Scheme (EU-ETS) and arguing about its effectiveness, if applied in the U.S. It then introduces the carbon tax with reinvestment while talking about its functioning and compares it with cap-and-trade.


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