Carbon tax seen as best way to slow global warming

A carbon tax is an environmental tax on emissions of carbon dioxide and other greenhouse gases, and seems to be a start in the long battle against global warming. Global deals in permits to emit greenhouse gas emissions have hit nearly $65 billion a year, and the whole global warming topic has become a largely profitable problem. But a straight carbon tax on energy production would be simpler and cheaper than putting a cap on tens of thousands of big company polluters. As the world prepares to form a successor agreement to the Kyoto Protocol by the end of next year, carbon taxes would quickly cut the emissions across all sectors of the economy, including vehicles and manufacturing because of the high taxing price. This isn't the only thing that needs to be done, carbon taxing is just a step in the right direction, emphasis needs to be placed on mass transit development in many countries to counter the emissions from the everyday use of cars.

The idea of carbon taxing is a costly approach to global warming, but its realistic in the sense that it will have positive effects on the environment and stimulate the economy. There currently is a 65 billion dollar market for greenhouse emission permits, the amount that would be attained with carbon taxing will be just as large. The money could help against the 700 billion dollar bailout that we are actually facing right now. I totally agree with carbon taxing, and would vote for its approval right now, It is a step in the direction towards a bright future, a future that we are slowly loosing with every backwards step.

http://www.guardian.co.uk/business/feedarticle/7847667