When climate change gets fiscal

Reuters: Neither candidate paid much attention to climate change during the presidential election: it wasn't so much as mentioned in any of the three debates. Then came Superstorm Sandy, Mayor Bloomberg's climate-motivated endorsement of President Obama, and Businesweek's mince-no-words cover. There's also the fiscal cliff (or austerity bomb, if you prefer). What better time to start taxing carbon? The logic is simple: a carbon tax could raise $1.25 trillion over a decade, and according to Treasury officials,...

URL: http://blogs.reuters.com/felix-salmon/2012/11/15/counterparties-when-climate-change-gets-fiscal/