We Need a Global Carbon Tax -

We Need a Global Carbon Tax
by Suresh Naidu ~ 9/21/14


A global carbon tax can both mitigate climate change and radically redistribute wealth.

Despite my suspicions of the neoliberal tenor of the organizers and my post-Occupy reservations about marches without explicit political demands, I’m going to the People’s Climate March this morning.
But if we were mobilizing around just one demand today, we could do worse than a global carbon tax, with revenues redistributed directly back to people through a global universal basic income. The policy is both politically infeasible and economically inferior to more complex and radical policy packages. But it is so blunt, and so revealing of the twin issues of inequality and climate change, that it is still a “useful utopia.”

One of the many things I admire about Thomas Piketty’s Capital in the Twenty-First Century is that it examines capital and inequality through an international lens. His proposed solution is thus global in scope — the institutions and political alliances needed to make any progress must to operate at the same level as (or higher than) other global regulatory, diplomatic, and public goods arrangements. Wealth inequality across the global population is a problem just as inequality between current and future generations is a problem, one that must be addressed at a transnational level.

I want to make the connection between some of Piketty’s arguments about climate policy and environmental economics concrete, just as people like Naomi Klein and Christian Parenti have linked climate issues to redistribution and inequality ...

Much more here: https://www.jacobinmag.com/2014/09/we-need-a-global-carbon-tax/