Support
Former US Vice President Al Gore strongly backed a carbon tax in his book, Earth in the Balance, but this became a political liability after the Republicans attacked him as a "dangerous fanatic". In 2000, when Gore ran for president, one commentator labeled Gore's carbon tax proposal a "central planning solution" harking back to "the New Deal politics of his father."
Former US Federal Reserve chairman Paul Volcker suggested (February 6, 2007) that "it would be wiser to impose a tax on oil, for example, than to wait for the market to drive up oil prices."
Climatologist James E. Hansen has argued in support of a carbon tax. A number of businesses and business leaders also support a carbon tax. These include:
- FedEx CEO Fred Smith;
- James Owens, CEO of Caterpillar;
- and Paul Anderson, CEO and Chairman of Duke Energy.
Monica Prasad, a Northwestern University sociologist, wrote about Denmark's carbon tax in the New York Times in 2008. In her view, the Danish carbon tax served as an example of how to reduce emissions in the US. Prasad argued, however, that a critical component for Denmark's success in reducing carbon emissions from 1990–2005 was that the tax revenues from the carbon tax were dedicated to subsidies for firms to use for alternative, environmentally cleaner sources of energy.
Read more about this topic: Carbon Tax
Famous quotes containing the word support:
“An ordinary man will work every day for a year at shoveling dirt to support his body, or a family of bodies; but he is an extraordinary man who will work a whole day in a year for the support of his soul. Even the priests, men of God, so called, for the most part confess that they work for the support of the body.”
—Henry David Thoreau (1817–1862)
“Have a sense of piety ever on your mind, and be ever mindful that this is subject to no change, but will last you as long as life and support you in death. Elevate your soul by prayer and by contemplation without mystical enthusiasm.”
—James Boswell (1740–1795)
“All experience teaches that, whenever there is a great national establishment, employing large numbers of officials, the public must be reconciled to support many incompetent men; for such is the favoritism and nepotism always prevailing in the purlieus of these establishments, that some incompetent persons are always admitted, to the exclusion of many of the worthy.”
—Herman Melville (1819–1891)