The need for a carbon tax has been raised by countless leaders and celebrities. Leonardo Dicaprio, Richard Branson, Bernie Sanders and Elon Musk have all publicly come out in favor of such a tax. Most interesting is that Rex Tillerson, former head of Exxon Mobile and now the current Secretary of State support this idea. The reason is that is helps the environment and is good for the economy.
This idea has been discussed for years, but it recently came to light again with the new administration. Elon Musk (who sits on the president’s advisory board) is pressing thecadministration to adopt a tax on carbon emissions. Trump’s conservative outlook remains tepid on this issue. However, Rex Tillerson (who ironically has support from Musk) acknowledged the climate is changing and described a carbon tax as the most efficient means of embedding the cost of carbon in economic decisions from oil companies to consumers.
Nobel prize winning economist Joseph Stiglitz was interviewed by CNN and had one thing to say on this issue: Tax fossil fuels. Stiglitz says taxing carbon would be the best way to address climate change and boost the U.S. economy.
The move would immediately lead to higher prices for oil, gas and coal. It would also hike the cost of anything that uses those fuels such as electricity and transportation. The goal is to force Americans to find alternatives that are cheaper and better for the planet.
“I think a carbon tax would stimulate the economy,” Stiglitz told CNNMoney. He says it would lead many firms to remodel their factories and redesign their supply chains, which would generate jobs and growth.
Do you feel the same way? Let us know in the comments and share this on Facebook. It’s important to continue the discussion.
You can watch more about the carbon tax with a discussion between Bill Nye, Neil deGrasse Tyson and Chuck Nice