Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says
By Mathew Carr – Bloomberg News
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A carbon tax starting at $20 a ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates.
“Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
h/t to WUWT reader “dp”
D Böehm says:
November 18, 2012 at 3:17 am
grimsrud says:
“But you do know about the stomata measurements…”
No, I don’t. As I explained, that is not my specialty….
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Actually the stomata data shows the Ice Core data is way too low when measuring CO2 levels in the past.
A simple explanation is here. The corruption is shown here and here.
So there you have it. The Plant stomata back up Beck’s study showing CO2 is not stable but variable and what is more the ice core data “Smears” the data wiping out the high data values.