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