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View Diary: The Best Climate Policy is Also the Simplest (61 comments)

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  •  I favored this approach in the past but (3+ / 0-)
    Recommended by:
    barath, DBunn, homo neurotic

    IIRC there were some solid arguments why this straightforward approach might be slightly too simplistic.  The theoretical benefits of a cap and trade program is that the cap is gradually reduced, which is the goal of fighting AGW.  Under a dividend type program there would be no guarantee that the reductions that we would see would materialize (although, admittedly a higher price for carbon based fuel would tend to lower their demand).

    I've got to run to do some work but I'll try to remember a couple of the other "cons" against this approach.  However, with that said, I might still support this idea if it was tweaked in a few different ways.  Simpler is better.  "Buying off" the public may be a necessary evil of combatting this problem and this definitely has both a carrot and stick aspect.

    Hopefully a good discussion ensues.

    We cannot solve our problems with the same thinking we used when we created them. Albert Einstein

    by theotherside on Wed Jan 23, 2013 at 08:33:25 AM PST

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