02.09.2015 - Could A Carbon Tax Prevent The Catastrophic Consequences Of Climate Change That Obama Fears?
In recent days, President Obama has painted the risks of climate change in apocalyptic terms. Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, “entire nations will find themselves under severe, severe problems: More drought. More floods. Rising sea levels. Greater migration. More refugees. More scarcity. More conflict.” Yet for all his tough rhetoric, Obama’s own policy proposals are rather modest. After failing to convince Congress to enact a “cap and trade” system to limit carbon emissions, Obama has increasingly relied on a regulatory approach such as his recently-announced limits on use of fossil fuels by power plants...............................................Full Article: Source
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