Toward an Honest Market
¥Restructure taxes: offset
carbon tax with reduction in income or payroll taxes
(Tax
what you burn, not what you earn) ¥Gradually raise tax on carbon
emissions to reach $200 per ton of carbon by 2020
–A shift from labor to
energy taxes in Germany reduced annual CO2 emissions by 20 million tons and created 250,000 jobs between 1999 and 2003
Restructuring taxes and eliminating fossil fuel
subsidies would drive the transition to a more honest economy.
Photo
Credit: iStockPhoto / Petrovich9