An Insurance Premium To Reduce Risks Of Global Warming And Unsafe Infrastructure

Harry G. Broadman has an excellent suggestion for reducing the ability of fossil fuel companies to externalize their costs:

Imagine a country increasingly referred to as a ‘failed state’ taking a responsible action that imposes a surcharge on fossil fuels that both reduces consumption of them to curb emissions of greenhouse gases and helps finance investment to modernize the world’s largest economy’s embarrassingly dilapidated and unsafe infrastructure network.As the Trump White House and the Congress try to turn their attention to tax reform, there is simply no excuse for them to not enact the addition of a specific tax to the retail prices of gasoline and diesel fuel.  It’s a classic ‘twofor’ and a policy prescription that pays for itself.

Source: An Insurance Premium To Reduce Risks Of Global Warming And Unsafe Infrastructure

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