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The First Carbon Tax
By Claus Schafhalter | February 6, 2010
I got this from the “Irish Times”:
“There is nothing new about the concepts of green or sustainable economic growth. The Cambridge economist Arthur Pigou wrote about these ideas as far back as 1912. His famous example was a factory which belched forth smoke and thereby entailed “social costs” which, he believed, the manufacturer should be forced to bear by paying a special tax. The Pigovian tax, as it became known, was probably the first carbon tax.”
Pigou’s approach to levy a special tax for “social costs” is one attempt to control pollution. Another approach is “Cap and Trade” and discussed here.
Topics: Sustainability Concepts, Sustainable Technology | No Comments »