Skip to Content
Streetsblog USA home
Streetsblog USA home
Log In
Carbon Tax

Charles Komanoff’s “Fuel Tax Magic”

windmills.jpg

New York City economist and activist Charles Komanoff has been focused lately on developing and promoting the idea of a "carbon tax." Carbon taxes are still still very much considered fringe economic theory and politically unviable, though, as you read Komanoff's latest essay in Grist, you have to wonder how long that will last. The arguments in favor of carbon taxes are logical, powerful and, at least to this non-economist, seem to make a ton of common sense.

Fuel Tax Magic
by Charles Komanoff

...For all the promising antidotes to oil dependence, from ethanol and hybrid cars to rearranging living patterns so people and goods don't have to move as much, there's a growing awareness that the only surefire way to advance on all fronts is to create an irresistible and universal market pull by pricing gasoline at a very high level -- perhaps in the $10 a gallon range. And now that the climate crisis is overtaking oil dependence as the ultimate energy nightmare, people are starting to face the fact that only vastly higher prices for all fossil fuels can reduce CO2 emissions across the board, through conservation, not just of gasoline but of all petroleum products as well as natural gas and coal.

Yes, I'm talking about a carbon tax -- the only mechanism powerful and direct enough for the daunting task of phasing out fossil fuels....

Links:

Stay in touch

Sign up for our free newsletter

More from Streetsblog USA

Tuesday’s Headlines Turn Up the Heat

Triple-digit heat, fueled by climate change, is warping rail lines, interrupting construction work on transit lines and causing burns on sidewalks.

July 16, 2024

These Are the Most Dangerous Congressional Districts for Pedestrians

The deadliest congressional districts in America are dominated by BIPOC communities — and federal officials need to step up to save the most vulnerable road users.

July 16, 2024

Delivery Worker Minimum Wage Shows Promise … For Some, Data Shows

New data from New York City's Department of Consumer and Worker Protection shows minimum wage is bringing order to a previously wild industry.

July 15, 2024

Monday’s Headlines Go Through Basic Training

An NYU study looks into why the U.S. is lagging behind on high-speed rail, and one transportation expert ponders the impact on growth.

July 15, 2024

Sustainable Transportation Advocates Need to Talk About Sustainable Urban Design

A new book hopes to act as a "magic decoder ring" to our built environment — and a powerful tool to understand how sustainable transportation networks can fit within them.

July 15, 2024
See all posts