The Ranting Kraut

19.3.2006 – 27.9.2010

Archive for December, 2009

Carbon Tax as Insurance?

Posted by rantingkraut on December 30, 2009

Fareed Zakaria has suggested that “Carbon Taxing” and cap and trade arrangements should be understood as insurance against the costs of climate change. By Zakaria’s argument, you pay a small charge now to insure yourself against the larger cost of climate change.

The argument correctly identifies the equivalent to an insurance contribution. What about the payout? Maybe Read the rest of this entry »

Posted in Global Warming, In The News, Regulation | Comments Off on Carbon Tax as Insurance?