Guest essay by Eric Worrall
h/t Daily Caller – US Libertarian Presidential Candidate Gary Johnson wants to impose a government enforced carbon fee to combat climate change.
Climate change and health care
Johnson has been to Alaska several times, including a trip where he summitted Denali. (He’s reached the top of the highest mountain on each continent and is an Ironman triathlete.) He campaigned in Anchorage during his 2012 run for president, holding a rally on the Delaney Park Strip.
“I envy all of you,” he said. “I think it’s the most beautiful state in the country.”
Climate change and a warming world might threaten that.
“I do believe that climate change is occurring. I do believe that it is man-caused,” Johnson said.
To address climate change, Johnson said he believes “that there can be and is a free-market approach to climate change.”
That would include a fee — not a tax, he said — placed on carbon. Such a fee would make pollutants bear a market cost.
“We as human beings want to see carbon emissions reduced significantly,” but at the same time, he says the United States is only “16 percent of the (global) load” of carbon, and “I don’t want to do anything that harms jobs.”
“The rest of the world has to catch up with us,” he said.
The alternative to a carbon tax is a carbon market, but as the European experience demonstrates, carbon markets lead to massive corruption and inevitable collapse.
The reason is very simple – with a carbon market, unlike a real market, fraud benefits all the market participants.
Fraud benefits the issuers of fake carbon credits – they get to make money for nothing.
Fraud benefits the purchasers of carbon credits – a flood of fake carbon credits keeps prices down.
Fraud benefits market regulators – they get rich turning a blind eye to the fraud.
The only people carbon fraud doesn’t benefit is anyone silly enough to think that market based carbon pricing can make a long term difference to CO2 emissions.