Carbon Tax Would Save Lives And Environment

Daily News-Record, February 17, 2016

THE WAYS IN which current investments in carbon- intensive growth are resulting in ill health as well as climate change are well documented by a number of major international reports. A recent study by the International Monetary Fund estimated that fossil fuel combustion costs $5.3 trillion a year in health and environmental damage.

The study concluded that placing a tax on carbon would cut outdoor air pollution deaths — 3.7 million annually — by half, and reduce greenhouse gas emissions by more than 20 percent. This tax would raise about 3 percent of GDP, or $3 trillion per year. That revenue could be reinvested in growth-enhancing public spending — for example in health, education and the green economy. It would also save hundreds of thousands of lives.

Laura Dansby, Keezletown

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