A TAX POLICY TO CUT EMISSIONS

Is Energy Tax Policy the Way to Drive the U.S. Climate Change Fight? No price on carbon? Nevermind. There are tax credits.

Herman K. Trabish, January 6, 2014 (The Energy Collective)

“Can a breakthrough in the U.S. climate change fight come from the energy tax policy reform proposed by outgoing Senate Finance Committee Chair Max Baucus (D-MT)? …Before stepping down to become U.S. Ambassador to China, Baucus suggested ‘dramatically simpler’ incentives that would…replace 42 inefficient and unnecessary incentives with two simple and transparent ones…drive domestic and clean energy production…be technology-neutral and reward all clean sources, and…give investors certainty about the benefits and their phase out…Baucus proposed replacing [all incentives] with a tax credit for clean electricity and a tax credit for clean transportation fuel…The cleaner the output [or fuel], as determined by the Environmental Protection Agency (EPA), the more of the incentive it would earn...” click here for more

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