Comment Re:Seems he has more of a clue (Score 1) 703
We might cut the future increases, but cutting to half of current levels? I don't see that happening, you'd need FAR more than a carbon tax to make that happen.
The modest carbon tax in British Columbia has cut emissions in that province by 16% while emissions grew in the rest of Canada by 3% (a rate that likely would have grown higher still if Ontario and Quebec weren't also working to reduce emissions). A carbon tax, by itself, might not reach a 50% reduction, but it could spur changes in consumer behavior. For instance, now that gas prices have fallen again, sales of SUVs are increasing again after declining during our last period of high prices. That's probably a missed opportunity to reduce emissions.
Without a carbon tax, the United States is aiming at (and currently looks like it will hit) a target of 20% below 2005 levels. If a carbon tax had been added to the policy, the United States might have been able to hit 40% below 2005 levels, which is not that far from 50%.