Tampa Bay Times

Yes, on carbon tax

Hey President Biden, where’s the carbon tax? | Editorial, April 6


The Times editorial is on point. Reducing carbon emissions by pricing carbon makes the achievemen­t of President Joe Biden’s climate goals more affordable, effective and quicker. By pricing carbon, rather than reams of new regulation­s or subsidies, we can reduce carbon dioxide emissions 30% in just five years and put the country on a path to net zero emissions by 2050.

Pricing carbon establishe­s the economic incentive to develop new and cleaner technologi­es. New technologi­es create incrementa­l jobs, grow the economy, and save hundreds of thousands of lives through improved air quality. Biden does not need to look far for a model. The Energy Innovation and Carbon Dividend Act introduced in the House by U.S. Reps. Ted Deutch and Charlie Crist, both from Florida, is an excellent one. The bill prices carbon and returns 100% of the funds collected to citizens. Biden should embrace this policy approach. The majority of voters support carbon pricing, and many businesses support it, as the Times editorial outlines. He should take advantage of this wide support to include carbon pricing as part of his approach. The costs of inaction for Floridians rise with each passing day.

Bill Marshall, St. Petersburg

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