The R Street Institute — a non-profit, non-partisan, public policy research organization that promotes free markets and limited, effective government — calls a carbon tax a “bargain for conservatives.”
In a policy study written by Catrina Rorke, R Street’s director of energy policy, the institute says even a modest carbon tax will bring big results: “The price doesn’t have to be large. If the necessary steps are taken to remove government-imposed obstacles to innovation and wealth generation, a relatively modest price will reshape economic decision-making. A modest carbon price of about $20 per ton would reduce emissions 8 percent below business as usual . . .” (I-732 imposes a price of $15 a ton in the first year and $25 in the second, with annual adjustments.)
UW scientists “deeply concerned about the consequences of man-made climate change” call I-732 “a major step in the right direction.”
SEATTLE, October 10, 2016 – More than fifty climate scientists from the University of Washington signed an open letter advocating their support for Initiative 732 (www.yeson732.org), a revenue neutral carbon tax swap that will be on the ballot in Washington State this November. These scientists are world-leaders in the study of climate change and the profound impacts of rising levels of greenhouse gases, such as CO2, in the atmosphere.