Report: US should follow Australia's Lead by Taxing Carbon

Report: US should follow Australia's Lead by Taxing Carbon

Zack Colman writes in The Hill (7/5) "E2 Wire" blog, "Following Australia's lead to price carbon pollution could prove more effective to reduce greenhouse gas emissions than the regulatory tactics employed in the United States, according to a report from the nonpartisan Brookings Institution think tank." The tax became effective on Sunday, "and US policymakers would be wise to observe the experiment, Joshua Meltzer, global economy and development fellow at Brookings, said in his report. That tax will rise 2.5 percent annually until July 1, 2015, when the continent will switch to a cap-and-trade system."