Researchers calculate the cost of CO2 emissions, call for carbon tax
Two Rice University researchers are calling on policymakers to encourage the transition from coal-based electricity production to a system based on natural gas through a carbon tax.Such a mechanism would help limit carbon dioxide (CO2) emissions. At the United Nations Climate Change Conference in Copenhagen last December, the United States pledged to reduce the 2005 levels of CO2 emissions by 17 percent by 2020.
Dagobert Brito, the George A. Peterkin Professor of Political Economy, and Robert Curl, the Kenneth S. Pitzer-Schlumberger Professor Emeritus of Natural Sciences and winner of the 1996 Nobel Prize in chemistry, made this recommendation in a paper published by Rice University's Baker Institute for Public Policy.
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