ICYMI: Washington Post: A Republican has a market-friendly climate fix. Will conservatives go for it?
A Republican has a market-friendly climate fix. Will conservatives go for it?
Yet, it has been a decade since a Republican proposed a bill that would put a price on the greenhouse-gas emissions that drive climate change, which is the most efficient way to combat global warming. In that time, climate change’s early consequences have harmed communities in the United States and abroad, warning of worse to come. And the Republican Party has met the warnings with ever-more-extreme science denial.
So it was nice to see Rep. Carlos Curbelo (R-Fla.) introduce a climate bill last week. It does not change the fact of near-universal GOP intransigence. Only two other Republicans have signed on to Mr. Curbelo’s legislation. The GOP House just passed a resolution declaring “the sense of Congress that a carbon tax would be detrimental to the United States economy.” President Trump is even more hostile to acting on climate issues than most Republicans.
There is a lot to like. Mr. Curbelo would put a substantial price on carbon dioxide emissions, $24 per metric ton in 2020, and set it to rise faster than inflation. An analysis from Columbia University’s Center on Global Energy Policy found that the plan would slash U.S. greenhouse-gas emissions 27 to 32 percent below 2005 levels by 2025 and by 30 to 40 percent by 2030. These reductions would likely outpace President Barack Obama’s pledge to cut U.S. greenhouse-gas emissions by 26 to 28 percent by 2025, and the plan would provide a long-term road map for further reductions.
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