A better direction for California’s climate change policy

Mark Gergen and David Gamage write for The Sacramento Bee, March 22, 2014

The proposed carbon tax is a much better mechanism for making those who burn fossil fuels pay for the privilege of doing so. The carbon tax is more transparent, specifying the sums that must be paid for the privilege of emitting greenhouse gases. And unlike cap and trade’s auction proceeds, revenue from a carbon tax can be returned to Californians through direct tax relief.