Bloomberg Declares Support for a National Carbon Tax

New York Mayor Michael R. Bloomberg will
declare his support today for a national carbon tax, according to a
report posted this morning on the New York Times City Room blog by
metro reporter Sewell Chan:

Mayor Bloomberg plans
to announce today his support for a national carbon tax. In what his
aides are calling one of the most significant policy addresses of his
second and final term, the mayor will argue that directly taxing
emissions of carbon dioxide and other greenhouse gases that contribute
to climate change will slow global
warming, promote economic growth and stimulate technological innovation
— even if it results in higher gasoline prices in the short term.

Bloomberg is scheduled to present his carbon tax proposal in a speech
this afternoon at a two-day climate protection summit in Seattle
organized by the United States Conference of Mayors. (A copy of the speech was provided to The New York Times by aides to the mayor; the full text is available here, along with the complete Times story.)

Needless to say, Charles Komanoff at the recently spiffed-up Carbon Tax Center, thinks this is a big deal (worthy of an Oscar or a Nobel Peace Prize, perhaps?):

With his speech today, Mayor Bloomberg joins former Vice-President Al
Gore as the nation’s leading advocates of a carbon tax to cap and
reduce carbon emissions from fossil fuels.

And consistent with the Mayor’s local transportation policy push:

Bloomberg’s support of a U.S. carbon tax is philosophically consistent
with his big current local initiative, a congestion pricing plan to
improve mobility, economic activity and the quality of life in the
Manhattan Central Business District by charging an entry fee for motor
vehicles. A carbon tax and congestion pricing both embody the principle
that safeguarding “the commons” — our air, water and public space —
requires that we exact from ourselves a commensurate price for uses
that damage or deplete it.

  • gecko

    Great development. Much better to align congestion pricing as a serious action to start mitigating climate change caused by cars.

  • gecko

    And, a great Bloomberg speech: powerful, impassioned, intelligent, detailed.

    And, hopefully, just the beginning!

  • Mark Fleischmann

    Hail Bloomberg. His most powerful ally: Oil at $94 a barrel and rising. When gas prices become unaffordable, the NY metro area’s transit system (imperfect as it is) will be the envy of the nation.

  • ddartley

    Bravo to Charlie and the Center. I am sure his work has influenced this positive change in the tide.

  • Larry Littlefield

    “A carbon tax and congestion pricing both embody the principle that safeguarding “the commons” — our air, water and public space — requires that we exact from ourselves a commensurate price for uses that damage or deplete it.”

    Good quote, and the key distinction between uses of “the common” that should not be charged for in the name of equity and those that should be charged for in the name of equity. When you damage or deplete something you are seizing it for yourself from everyone else. That is not equitable.

  • Dr Coles

    We do not need any more incompetent people in government. UK court says Gore is a fraud. August 2007 Update: Man-made Catastrophic Global Warming Not True. Unfortunately, Hansen is a political hack of George Soros. Further, flawed NASA Global Warming data paid for by George Soros. In order to be an intelligent reader you must have a basic knowledge. Please do your own homework; a starting point

  • jmc

    This was an excellent speech and I’m glad that he’s supporting a national carbon tax. He’s right– the demand for coal has short-term elasticity and is very important. Even with substantial transportation and land use reform we will still need carbon-free electricity to maintain civilization.

    I am certainly hoping for a national run by Bloomberg!



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