Carbon Taxes and Negative Externalities

Hello readers, welcome back to rsira-economics.com. Last time, you might remember me discussing inflation and what the most recent figure from the ONS means to the everyday consumer.

In this post, I thought I would do something slightly different. I have recently finished writing an essay, which argues that ‘a large and extended tax on carbon’ is the best policy response to the negative externalities caused by carbon emissions, and I thought I would share it with you all. In the essay, I discuss why this is the case and how the other alternatives simply can’t offer what a tax is able to do. I have used a number of countries as case studies to back up my arguments and have exhausted the reasons as to why other alternatives such as Cap & Trade or Carbon Capture and Storage (CCS) have many problems. If you like the sound of this and think it would interest you, then please give it a read and post your own comments or views on the topic below or send them to rajveersira@gmail.com. I have attached the link below which will allow you to read the PDF version.

If you decide to research the topic further yourself, you will find that it’s a very controversial topic and that different people will have different opinions based on their understanding of the situation. Take Donald Trump for example. He thinks it’s all just a “hoax” and doesn’t think it’s his responsibility to protect future generations from climate change and its damaging effects.

Nevertheless here’s my take:

 

corpus-christi-essay-q4

 

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