Carbon Tax Vs Climate Change

1823 Words 8 Pages
What a coincidence that after the American Industrial Revolution in the 1760 's-1840 's, 40 years later the Earth began to warm up. The Earth begins to warm up due to the amount of carbon dioxide that is released to the atmosphere. During this time period to this day, humans have destroyed the environment and have replaced them with industries, houses , and etc increasing the amount of carbon dioxide rapidly. This new change has erupted various catastrophic consequences such as climate change, that we are facing to this day. These destructive impacts are now reaching alarming rates and the government has come up with two solutions, cap and trade and carbon tax. Climate change, a consequence of global warming that has been haunting us ever …show more content…
In my opinion, the carbon tax is the best option for not only our nation, but for the whole world to reach our goal to lower our carbon emissions. The way the carbon tax method functions is that it proposes a tax to companies or businesses that produce oil, coal, and etc. These companies produce vast quantities of carbon, which is why they are the ones being taxed for polluting our atmosphere. This will encourage these businesses to stop using nonrenewable energies(fossil fuels). On a comparison chart from Greenhouse Tax Versus Greenhouse Cap and Trade, carbon tax was the winner in the majority of the comparisons. In one argument the carbon tax method won because the cost on emissions will have a greater impact and will inspire the community and businesses to convert their forms of electricity into renewable energies, such as, solar panels, wind energy and etc. this will help accelerate lowering the carbon …show more content…
One being that the system can be worthless if the emissions are measured properly, accurately, and cheaply. If it is not done as described, the costs of measuring will be greater than price of the allowances(permits) making the system unproductive because the government will be losing money instead of gaining. Also, this has another consequence to it, if this happens to the system of cap and trade, time was wasted and the climate change will worsen because more carbon was emitted to the atmosphere during that period. Therefore, this system was merely a distraction and it can be avoided by simply choosing the system of carbon tax. In addition, another disadvantage is that some individuals believe that politicians may “haggle” or negotiate over some elements of the cap and trade system making it ineffective. For instance, the cap may be settled randomly without any calculation or that a year to meet the goal won 't be set. Another disadvantage is that in the view of a philosophic, the cap and trade system is giving companies and businesses the “right” to pollute our planet, as if pollution was an item they can

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