Thursday, December 11, 2008

How to reduce carbon emissions

I don't like the general idea of giving government power of carbon, the stuff of life, but if you can achieve the same goals by other means, why not?

Here is the background: the price of mineral rights on federal lands was set in the late 1800's. It is a nominal fee. A dollar or three an acre.

Here is my proposal: auction the mineral rights as a percentage of revenue.

Benefits: it would raise the price of coal, oil, and oil sands closer to their value. It would therefore reduce consumption (thereby cutting carbon pollution) and make green tech such as wind power more competitive. It would also increase government revenue.

It seems to have a similar effect with much less government regulation and interference in our lives and the economy.


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