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Carbon tax chatter returns to shake up climate politics

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Carbon tax chatter returns to shake up climate politics

Photo caption: Rep. Alexandria Ocasio-Cortez, who said carbon tax could be a part of climate legislation, speaks on Nov. 19, 2020 in Washington, D.C. | Drew Angerer / Getty Images. Article by Zack Colman. Politico – February 16, 2021.

Putting prices on carbon emissions isn’t a sure-fire winner with progressives, and it’s nearly a non-starter with conservatives.

The Biden administration has revived the idea of taxing carbon emissions to combat climate change and Congress quietly is crafting legislation to deliver.

But as with anything related to a carbon tax or fee, the politics are tricky. Progressives are deriding the concept as too market-based to adequately reduce emissions, and free-market Republicans have yet to embrace a plan that would raise fossil fuel prices. […]

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