Skip to Content
Streetsblog New York City home
Streetsblog New York City home
Log In
Air Quality

Support Builds for Carbon Taxes Over “Cap and Trade”




The Independent reports
that European CO2 emissions are rising not falling, casting doubt on the EU's touted Emissions Trading Scheme:

Europe's big polluters pumped more climate-changing gases into the atmosphere in 2006 than during the previous year, according to figures that show the EU's carbon trading system failing to deliver curbs. Critics said the data underlined the gap between the rhetoric of European leaders, who have promised to cut C02 emissions by one-fifth by 2020, and the reality of delivering reductions.

Yesterday's figures relate to the carbon produced in 22 nations by big industrial users that accounted for almost 93 per cent of emissions reported in 2005. The European Commission said that carbon output from these sources rose between 1-1.5 per cent in 2006 over the previous year. The statistics suggest the EU is still allocating too many carbon permits to enable the system to work properly.

Meanwhile, the Washington Post reports that an unlikely coalition is coming together in the US to support carbon taxes over emissions trading:

As lawmakers on Capitol Hill push for a cap-and-trade system to rein in the nation's greenhouse gas emissions, an unlikely alternative has emerged from an ideologically diverse group of economists and industry leaders: A carbon tax. A coalition of academics and polluters now argues that a simple tax on each ton of emissions would offer a more efficient and less bureaucratic way of curbing carbon dioxide buildup.

This same argument in favor of carbon taxes was recently put forward by Charles Komanoff of the Carbon Tax Center in a debate on Grist.org with "Dr. Bill" Chameides of Environmental Defense, who favors a cap and trade regime.

Stay in touch

Sign up for our free newsletter

More from Streetsblog New York City

Wednesday’s Headlines: Ostrich Parent Edition

Bradley Tusk and Randy Mastro team up to distract people from the much-harder effort of making streets safe. Plus other news.

August 13, 2025

As Mayor Adams Preps Veto of Minimum Wage Bill, Instacart Boasts ‘Squeezing’ Its Workers

Instacart's months-long campaign against pay parity for grocery delivery workers appears to have borne fruit with a mayor who claims he supports workers.

August 12, 2025

UPDATE: Speeding Senior Driver Kills Self and Two Pedestrians in Astoria, Pols Call for 20 MPH Limit

The Queens crash is another reminder that speed kills — and that the city has the power to lower its speed limit.

August 12, 2025

Vital ‘Lifeline’ or Blatant Ripoff? Instacart Makes Groceries 75% More Expensive

Instacart is arguing that its services are a lifeline to low income New Yorkers, but the app makes groceries 75 percent more expensive.

August 12, 2025

Could It Be? Red Hook Pool May Finally Open on Sunday

Residents of Red Hook have been sweltering all summer, but help may be on the way.

August 12, 2025

Tuesday’s Headlines: Badge Idea Edition

President Trump took over policing in one of America's most important cities yesterday. Plus other news.

August 12, 2025
See all posts