With the United States pulling out of the Paris Agreement, discussions in Congress have increased on the need for tools to mitigate the effects of climate change. Pricing carbon emissions is one such tool but it has long been politically controversial.
At FCNL we believe that climate disruption is real and results primarily from human-caused emissions of greenhouse gases (GHG). Responsible use and right sharing of the world’s natural resources are crucial to human survival and welfare. If the U.S. were to put a price on carbon emissions, it would not be the first to do so. Other countries that have successfully enacted carbon pricing systems have seen their GHG emissions drop.
Countries involved in the European Union Emissions Trading Scheme saw an 8 percent drop in their GHG emissions over five years. Canada is set to impose a national carbon price this year. China is considering pricing its emissions.
Read the rest of this article, and the full Washington Newsletter for July 2018, below.