The Grid Optimization Blog

Accepting a Carbon Tax?

Regardless of politics or stand on global warming, many businesses are including a coming carbon tax into their long term planning.

The New York Times reports that more than two dozen of the nation’s biggest corporations, including five major oil companies – and two major utilities, American Electric Power and Duke Energy – are incorporating some form of carbon tax in their financial planning.  “Both supporters and opponents of action to fight global warming say the development is significant because businesses that chart a financial course to make money in a carbon-constrained future could be more inclined to support policies that address climate change,” the Times reports.  Maybe we are witnessing the beginning of the acceptance of science over politics, or at least the acceptance of reality over wishful thinking.  Either way, the companies that plan for the future instead of fighting it are bound to have a market advantage.  Years ago George Santayana said, “Those who cannot remember the past are condemned to repeat it.”  Today he might say companies that cannot foresee the inevitable are condemned to live in the past.

Discuss this Blog Entry 2

Quotey (not verified)
on Dec 9, 2013

Mr. Santayana also said, "The wisest mind has something yet to learn."

Anonymous (not verified)
on Dec 10, 2013

I've never been given a reason for this "tax" by anyone, it is the dumbest, stupidest thing possible and will do zero to affect the climate of our planet. All it will do is transfer dollars to the government to be squandered, it will decrease jobs, R&D, Innovation and do nothing but make some greens feel good that they are doing something. The only reason any company is considering this is to not become a target like Chase & have the AG litigate them into bankruptcy. This will only transfer more jobs to China who gloat at our stupidity.

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Matthew C. Cordaro, PhD

Dr. Matthew C. Cordaro, whose career spans many years as a senior executive in the utility industry, an educator, scientist and researcher in the fields of business, energy and environment, most...

Paul Mauldin

Paul earned his B.S. and an M.S. in electrical engineering from the University of California-Berkeley and is a registered professional engineer. He has worked in the energy industry for more than...
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