Two Former Senators Back Carbon Fee With Full Rebate
Trent Lott, a former Republican senator, and John Breaux, a former Democratic senator, support a universal national price, or fee, on fossil fuels (coal, natural gas and petroleum), in an op-ed published June 21, 2018 Their proposal is based on the recent plan put forward by conservatives formerly holding high positions in earlier administrations ( The Conservative Case For Carbon Dividends ; by James A. Baker, III; Martin Feldstein; Ted Halstead; N. Gregory Mankiw; Henry M. Paulson, Jr.; George P. Shultz; Thomas Stephenson; and Rob Walton; the “Baker-Shultz plan”). Emissions . When we talk about emissions in the context of global warming, it is important to remember that “emissions” actually refers to “the rate of greenhouse gas emissions per year”. As long as the rate of emissions is greater than zero, greenhouse gases continue to increase in the earth’s atmosphere. The long-term global average temperature is directly related to the total a...