First Name | William |
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Last Name | Fraser |
Email Address | bfraser@alumni.ucsd.edu |
Affiliation | |
Subject | Exact form of "carbon price" |
Comment | I am writing to convey my strong preference for a carbon tax over a cap-and-trade system. The main reasons for this preference are: Because any cap becomes not just a maximum, but also a minimum. Because, as the recent economic turmoil underscores, it is very hard to set the correct cap. Because any uncertainty in the future costs of permits could make it difficult to finance long-term carbon reduction projects. In the event that a cap-and-trade system is used, I would like to express my preference for auctioning as large a percentage as is feasible, and doing so as soon as possible. In the case that either a carbon tax or auctioned permits are in the plan, the vast majority of the proceeds should be rebated equally per capita to all California residents (with perhaps a 50% reduced share going to residents who are legal non-citizens). Finally, in order to keep California business competitive, there should be a border tax adjustment. Thank you for your time, bill |
Attachment | |
Original File Name | |
Date and Time Comment Was Submitted | 2008-11-13 10:20:37 |
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