US energy chief floats idea of a carbon emissions tax

Agence France-Presse
February 12, 2009

US Energy Secretary Steven Chu has floated the idea of a carbon emissions tax to fight global warming, in an interview with The New York Times Thursday.

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During the US presidential campaign, the notion was kept largely on the back burner as candidates were reluctant to promote the idea of costlier energy at a time when gasoline prices were soaring.

But since President Barack Obama’s administration took office in January, Congress has been working on setting up a system for swapping greenhouse gas emissions quotas similar to the one used in the European Union.

And Chu said “alternatives could emerge, including a tax on carbon emissions,” the Times reported.

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This article was posted: Thursday, February 12, 2009 at 4:00 pm

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