Good news for climate bloggers (why aren’t I “excited”?)
The topic no one was going to mention in the election campaign, just got a mention. And in less than 24 hours, it’s already being revived from oblivion. Banking group HSBC tells us that:
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
There is no guaranteed path of course, the Republicans control the House. But how telling that the Zombie Ghost of Cap N Trade popped up its head so fast once the votes were in.
Climate Depot responds:
‘Congratulations to President Obama. Now that Obama will never have to face voters again, he may attempt to make global warming a key part [...]













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