I completely agree with your assessment that a progressive carbon tax is needed to begin slowing the rate of growth of CO2 emissions in the atmosphere. However, I am convinced that the world will ultimately need to transition away from petroleum for transportation and fossil fuels for electrical power. Clean renewable energy systems are our only way to reverse Global Warming.
The figures you have suggested for the value of the carbon tax I believe are far too low when compared to the projected costs of sequestering carbon from power plants. Please see my blog at http://promiseofotec.blogspot.com/p/comparison-of-sustainable-energy-to.html. I suggest that the best method for storing carbon in the ground is in the form of coal by not digging it up in the first place.
Finally, in addition to greatly expanding the use of renewable energy technologies, stronger efforts are needed to preserve our rain forests and aggressively expand argaculture to draw additional CO2 from the atmosphere while preparing to grow sufficient food for a projected world population of 9 billion.
I welcome your thoughts.
G. Noland & Associates, Inc.
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