Special Presidential Envoy for Climate John Kerry
A “carbon price” is designed to make carbon dioxide (CO2) emissions more expensive in one of two ways.
ADVERTISEMENT
1) One is a direct tax applied to the manufacture or consumption of anything that releases CO2 into the atmosphere. That’s a new tax not only on coal and gas, but also on manufacturing, agriculture, construction and essentially every other productive human activity that releases CO2.
2) The other method of carbon pricing is through a cap-and-trade market. The government establishes an “acceptable” level of CO2 emissions and issues transferable credits allowing holders to emit carbon up to that limit.
Congress has voted to block the federal government from selling off the transmission lines and other assets of the Bonneville Power Administration, as proposed by the Trump administration.