The Bay Area Air Quality Management District voted 15 to 1 to implement a CO2 tax of 4.4 cents per metric ton of emissions.  The tax would effect 2500 businesses ranging from refineries to grocery stores.  While this is the first Carbon Tax in the US, 4.4 cents per metric ton of CO2 represents just little more 1/2 of 1% of the actual cost of carbon offsets on the Chicago Climate Exchange where offsets closed today at $7.35 per metric ton.

For more details:  http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/21/MNDN10QD6O.DTL

This entry was posted on Tuesday, May 27th, 2008 at 10:40 pm and is filed under Carbon Tax, Global Warming, Governments, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.