Friday, May 16, 2008

Cap-and-Trade or Carbon Tax?

Economist and environmental studies professor at York University, Peter Victor discusses the various advantages and disadvantages of cap-and-trade systems (as advocated by U.S. politicians these days) as opposed to a carbon tax.

Personally, I’m disinclined to weigh in on Dion’s proposed carbon tax (or “tax shift”) until details of the plan are revealed (where the proverbial devil resides).

Warren Kinsella offers his gloomy assessment this morning, which is probably sound from a purely political perspective, but one has to ask: if not now… then when?