Nader: Why we need a global carbon tax
5 Dec 2008
If President Barack Obama wants to stop the descent toward dangerous global climate change, and avoid the trade anarchy that current approaches to this problem will invite, he should take Al Gore's proposal for a carbon tax and make it global, says veteran American consumer advocate Ralph Nader.
A tax on CO2 emissions - not a cap-and-trade system - offers the best prospect of meaningfully engaging China and the US, while avoiding the prospect of unhinged environmental protectionism, Nader writes in the Wall St Journal.
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