Comments on: What Worked for Acid Rain Won’t Work for Climate Change http://www.carbontax.org/blogarchives/2009/02/21/what-worked-for-acid-rain-won%e2%80%99t-work-for-climate-change/ Pricing carbon efficiently and equitably Mon, 15 Mar 2010 20:02:42 +0000 http://wordpress.org/?v=2.9 hourly 1 By: James Handley http://www.carbontax.org/blogarchives/2009/02/21/what-worked-for-acid-rain-won%e2%80%99t-work-for-climate-change/comment-page-1/#comment-52538 James Handley Thu, 26 Feb 2009 07:08:46 +0000 http://www.carbontax.org/blogarchives/2009/02/21/what-worked-for-acid-rain-won%e2%80%99t-work-for-climate-change/#comment-52538 US Climate Task Force economist Rob Shapiro reached similar conclusions in "<a href="http://www.climatetaskforce.org/2009/02/markey%E2%80%99s-skewed-comparisons/" rel="nofollow">Markey's Skewed Comparisons</a>":  <blockquote> "Since the technology was already in existence, the trading system was not the cause of this technological advance." "For SO2, it really was a question of creating the price incentives to invest in known technology, which turned out to be even cheaper than expected. With C02, it will be a matter of developing new technologies and bringing them to market."  "Carbon taxes give steady incentives for businesses and households to invest in more energy-efficient and climate-friendly technologies, while also providing funds to spur the development of new carbon-reducing fuels and technologies."</blockquote> US Climate Task Force economist Rob Shapiro reached similar conclusions in "Markey’s Skewed Comparisons": 
"Since the technology was already in existence, the trading system was not the cause of this technological advance."
"For SO2, it really was a question of creating the price incentives to invest in known technology, which turned out to be even cheaper than expected. With C02, it will be a matter of developing new technologies and bringing them to market." 
"Carbon taxes give steady incentives for businesses and households to invest in more energy-efficient and climate-friendly technologies, while also providing funds to spur the development of new carbon-reducing fuels and technologies."

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