Covering climate policy in Washington state and beyond, The Intercept spoke with Near Zero’s Danny Cullenward:
Not all carbon taxes are created equal, and much of the debate about them orbits around how to use the funds they generate. SB 6203, for instance, was crafted with a keen eye toward the state’s budget shortfalls. As Danny Cullenward explains, there are essentially three models for allocating revenue from carbon taxes: the kind proposed by Inslee, intended to fill existing funding gaps for essential programs with a focus on climate change; the “revenue-neutral” variant proposed by conservative economists, like I-732, which distributes money out to state residents (usually via the tax code), rather than adding to state coffers; and a version intended to invest heavily in climate-friendly and even redistributive projects, like clean energy and a just transition for workers in carbon-intensive sectors. An energy economist and lawyer, Cullenward was appointed by state Sen. Kevin de León last year to help oversee the implementation of California’s newly revamped cap-and-trade program.
Read the full article, “Climate change policy is proving difficult to enact even in liberal states with Democratic control,” by Kate Aronoff, on The Intercept website.