Friday, November 2, 2018

What Would the Washington State Carbon Fee Initiative Really Accomplish?

Voters in Washington State rejected an initiative in 2016 that would have created a carbon tax-and-rebate scheme.

None of the monies collected would have gone to the state government, but instead would have been rebated in the form of an annual check back to the citizens of the state.

Proponents of the initiative crafted the tax plan with an eye toward attracting conservative voters with the promise that the state legislature and state bureaucracies would not be able to divert the tax monies away from the wallets of state residents.

On November 6, Washington State residents will have a chance to vote on a new Carbon Emissions Fee and Revenue Allocation Initiative, known as Initiative 1631.

The battle over the carbon fee initiative is fierce.

So how much would Washington State's carbon fee impact this global commons problem? The state emits 76 million metric tons of carbon dioxide annually.

If Washington State were to entirely eliminate its emissions, that would reduce U.S. emissions by 1.4 percent.


http://reason.com/blog/2018/11/01/what-would-the-washington-state-carbon-f

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