Furcifer
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- Joined
- Apr 30, 2007
- Messages
- 13,797
As for price increases, yes, there would be some, mostly revolving around the products of the prime users of these carbon fuels. The studies I've looked at indicate that a 15$/ton CO2 tax would add ~16% to the cost of Coal and Petroleum industry products (gasoline, fuel oil, etc.,), ~15% to the cost of Coal mining products, 11.2% to cost of Utilities industry products (primarily electricity), non-fossil-fuel mining industries' products ~3.9%, Primary metals industries' products ~3.2%, Pipeline transportation industries' products ~2.4%, Air transportation industry products ~1.8%, Waste management/remediation industry products/services ~1.7%, nonmetallic mineral industry products ~1.6%, and paper industry products ~1.3%. Those are the top ten impacted industries and products. Overall industry service and product impact average of ~0.6%. Add to this that we are talking about a revenue neutral tax, where the proceeds are primarily used to eliminate and offset federal payroll taxes, federal sales taxes on fuels, etc., and you aren't going to place this burden on the people who can least afford it. Additionally, you are going to encourage competition from industries looking to improve energy efficiency and invest in alternative, non-fossil fuel energy technologies and infrastructure designs/processes.
And none of this matters unless it's adopted world wide. You aren't looking at the big picture.
