July 28, 2011 By James Handley

Could A Carbon Tax Help Solve Our Budget Woes? (Ben Schreiber – Grist)

“The penalty on pollution is really important. All the analyses show that you get big reductions in carbon emissions if you have a penalty on polluting. Take that away, and all you have is another government subsidy for renewable energy.”

Harvard prof. and former Obama advisor Joseph Aldy, on Sen. Joe Manchin’s bid to remove penalties for utilities that fail to rapidly phase out carbon electricity from Pres. Biden’s proposed Clean Electricity Performance Program, in NY Times, This Powerful Democrat Linked to Fossil Fuels Will Craft the U.S. Climate Plan, Sept. 19.