A Carbon Tax Won’t Fight Climate Change, But Will Make Life More Expensive
A misguided group in Congress is trying to hammer out a scheme to levy tariffs on such imports as steel, cement and aluminum, whose production in certain countries supposedly causes a higher output of carbon dioxide.
This episode of What’s Ahead explains why this idea is bad. Imposing such a carbon tax is fraught with complexity. It won’t fight “climate change.”
What it will do in the real world is make certain things more expensive.