Letters: Carbon tax does not work

Editor:
Carbon taxes have been around since 2008, but CO2 emissions have continued to increase. The reason is simple, economies continue to grow. No matter how much carbon emissions are taxed, cars, buses, trucks, ships and planes continue to be built and they all emit CO2, so unless society and economic growth is put on hold (highly unlikely), CO2 emissions will continue to increase in spite of a carbon tax. So what’s the better solution?

Business and people respond much better to “what’s in it for me.” Taxes are at best unpopular and ineffective thus making them not the solution.

Instead of taxing CO2 on the consumption side, make all producers direct a percent of their revenues to research ways of cleaning fossil fuels to eliminate CO2 emissions.

This can be achieved by reducing corporate taxes based upon success of reducing CO2 emissions.