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09 Sep 2009 04:37 pm
Even France Can't Tax Carbon
Nicolas Sarkozy hasn't had an easy time passing a revenue-neutral carbon tax. Plumer:
The goings-on in France are worth checking out
for anyone who thinks a carbon tax might be a more politically
palatable method of dealing with global warming than the cap-and-trade
approach. As it turns out, the carbon fee has been remarkably easy to
demagogue—and this in a left-leaning country that's hardly averse to
taxes. Sarkozy's presidential opponent, Segolene Royal, dashed out of
the gate early on this, criticizing the proposal as "unjust" and
"inefficient"—even though most economists will happily tell you that a
straight-up carbon tax is the most efficient way to curb emissions.
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