There is a good argument for making a carbon tax to help bridge the fiscal cliff. That Bailey Bridge over the January 2nd 2013 chasm could be made with help of a $20 per ton carbon tax that would raise $1.5 trillion over a decade.
At some point energy producers must be made to stand on their own two or more corporate feet and stop dumping carbon into the world atmosphere as if it were a trash bin for greenhouse gases. It is remarkable how little oxygen is in the atmosphere presently -just 20% with nitrogen being the majority at 78%. Carbon dioxide is a fraction of 1% and human dumping of far more than is natural evidently has a substantially adverse effect raising the planetary atmospheric temperature.
Carbon dioxide comprises 0.039445% of the gas of the atmosphere. That is 394.45 parts per million of the volume. If that p.p.m.v. goes to 500. has substantially more effect on atmospheric temperature increase. The oil and gas fossil fuel industry needs to stand up and become accountable for their product's effect on the world's breathable atmosphere and temperature as the Tobacco industry did with some encouragement decades ago. With some support they can take their first steps along the beach of change toward a brighter tomorrow.
Here is the article in Nature on the Carbon tax:
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