In Energy Taxes, Tools to Help Tackle Climate Change

Click here to read more from Eduardo Porter at the New York Times

The erratic weather across the country in the last couple of years seems to be softening Americans’ skepticism about global warming. Most New Yorkers say they believe big storms like Sandy and Irene were the result of a warming climate. Whether climate change is directly responsible or not, the odd weather patterns have underscored the risk that it poses to all of us.

What’s yet to be seen is whether this growing awareness of the risks will translate into sufficient political support to address climate change, especially after we figure out the costs we will have to bear to do so.

In his inaugural address, President Obama wove Hurricane Sandy and last year’s drought into a stirring plea to address climate change. “The failure to do so would betray our children and future generations,” the president said.

But even as he put global warming at the top of his agenda, he avoided dwelling on how much it would cost to address. And nowhere in his speech did he allude to the most powerful tool to address the problem: a tax on the use of energy.