A carbon tax was first proposed by an economist in 1973, with the intent to allow market forces to determine the most effective approach to reduce pollution. But, carbon taxes have morphed and evolved since the 1970s to give consumers and producers a monetary incentive to reduce their carbon dioxide emissions.


While several European countries have successfully adopted carbon taxes, other nations have not due to a lack of political support. Morever, the price of carbon has not led to significant reductions as companies can purchase carbon offsets rather than alter their current operations.


Another major stumbling block is determining the right "price" of carbon. An August 2021 paper in Nature Climate Change estimates that a carbon tax would have to be set above $1,500 per ton to almost achieve NetZero by 2050 which would equal more a per capita tax of $11,300 per person. That is a pretty high price for customers to pay!
Join the conversation on The KJ Show at 11 a.m. Eastern Wednesday (https://boldbravetv.com/11am-the-kj-show/) with host Dr. Katherine Johnson. Please share your thoughts on these ideas by calling 866-451-1451 or send your comments to kjohnson@johnsonconsults.com.


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