Rep Honda on a Carbon Tax |
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I support a carbon tax in that it will put a price on carbon, recognizing that there is a cost associated with the emission of greenhouse gases. With a financial cost associated with the damaging effects of fossil fuels, renewable energy sources will be able to compete on a fair playing field for the first time where they will be comparable in cost, removing an obstacle to adoption. For this reason, I have cosponsored the Save Our Climate Act, H.R. 3242, which would establish such a carbon tax. My home state of California’s own cap and trade law is now taking effect, with the first auction for greenhouse gas emissions allowances being held on November 14, 2012. Next year, California’s carbon market is scheduled to be linked to Quebec’s, demonstrating that international collaboration on a system that places a firm cap on carbon emissions is possible and that a broader agreement is achievable. |
Bill Name (i.e. HR 1776)
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