Tag Archives: carbon tax

Video: Solar panels, heck yeah! –Tom Fanning, CEO, at SO stockholder meeting 2017-05-24

Tom Fanning, our genial CEO host, said some things I’ve never heard him say before like Southern Company is “pivoting towards wind” and SO’s board soon has to decide whether to go forward with Plant Vogtle “or not” probably by August. Fanning gets the first and last word in this blog post, plus a complete transcript of what I asked and Tom Fanning’s response, along with summaries of the other questions and answers.

Well see how it develops --Tom Fanning
Please hear me! I think renewables are exceedingly important in the future.
— Tom Fanning, CEO, Southern Company

In SO’s own meeting video of the 25 May 2017 Stockholder Meeting, you can see much praise about solar power and wind and R&D and a smart grid, along with stockholders wondering: Continue reading →

The Economist answers Paul Bowers about carbon tax

Back in May someone asked Georgia Power CEO Paul Bowers what he thought about a carbon tax, and he answered, “Why would anyone want that?” The Economist answered his question, 29 June 2013, Tepid, timid: The world will one day adopt a carbon tax—but only after exhausting all the alternatives,

Winston Churchill famously said America would always do the right thing after exhausting the alternatives. The right thing in climate You can always count on Americans to do the right thing, after they ve tried everything else. --Winston Churchill policy for all the big countries is a carbon tax, which is simpler and less vulnerable to fluctuations in emissions than cap-and-trade schemes. For years, such a tax has been a non-starter politically. But as the alternatives are tested to destruction, it deserves to be looked at again. Current environmental policies will not keep the rise in global temperatures to below 2°C—the maximum that most climate scientists think safe. A carbon tax, if stiff enough, could. Big polluters should assume that such a tax will one day arrive, and start planning for it now.

Dear Paul Bowers,

Stop being tepid and timid. Go beyond Continue reading →

China carbon cap and Georgia Power

If China implements a carbon tax, will Georgia Power CEO Paul Bowers change his recent answer to a question about a carbon tax, which was “why would anyone want that?”

Paul Bowers speaking In February the Chinese Ministry of Finance (MoF) said China would soon tax carbon dioxide (CO2) emissions, and that’s getting closer in the country whose capital Beijing has smog bad it’s literally off the charts. Katie Valentine wrote for ThinkProgress 22 May 2013, Bombshell: China May Be Close To Implementing A Cap On Carbon Pollution,

China is taking steps to tackle its huge carbon output. Today, the country announced the details of its first carbon trading program, which will begin in the city of Shenzhen next month. The southern city is one of seven cities and provinces, including Beijing, which will take part in the pilot program, set to be completely implemented by 2014.

And according to one local news source, China could implement an absolute, nation-wide cap on its carbon emissions by 2016. China’s 21st Century Business Herald reported this week that the country’s State Council still needs to approve the carbon cap proposal submitted by the National Development and Reform Commission, a government entity that controls much of the Chinese economy. The proposal, which the State Council is reportedly likely to support, would ensure China’s emissions would not increase past the country’s target cap, regardless of economic growth — though it’s still unclear what that cap would be. The paper reported that the NDRC also predicts China’s greenhouse gas emissions will peak in 2025, rather than 2030, as earlier predictions stated.

If the cap is adopted,

Continue reading →

Carbon tax soon in China

If China can tax CO2, so can the U.S.

Hou Qiang wrote for Xinhua 19 February 2013, China to introduce carbon tax: official

China will proactively introduce a set of new taxation policies designed to preserve the environment, including a tax on carbon dioxide emissions, according to a senior official with the Ministry of Finance (MOF).

The government will collect the environmental protection tax instead of pollutant discharge fees, as well as levy a tax on carbon dioxide emissions, Jia Chen, head of the ministry’s tax policy division, wrote in an article published on the MOF’s website.

-jsq