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Carbon Taxes Didn’t Help Norway

1 October 2008 20 views No CommentPrint This Post Print This Post Email This Post Email This Post
Photo courtesy curran.kelleher.

In 1991, Norway enacted a punishing carbon tax - $65 per ton of greenhouse gas emitted.  The result?  Carbon emissions have risen 15% since that time.  The country blames the increase on growth but, with gasoline at or near $10 per gallon, it seems no price is too much to pay for personal transportation.  If you think this can’t happen in the United States, think again.  From the article:

Although the tax forced Norway’s oil and gas sector to become among the greenest in the world, soaring energy prices led to a boom in offshore production, which in turn boosted overall emissions. So did drivers. Norwegians, who already pay nearly $10 a gallon, took the tax in stride, buying more cars and driving them more. And numerous industries won exemptions from the tax, carrying on unchanged.

Read More: online.wsj.com

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Tags: Carbon Tax, united states, dust, tax, carbon emissions
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