One of the problems with most carbon tax or cap and trade systems, is that they allow imports that have a high carbon foot print or embodied energy. The carbon tax must be applied to imports, otherwise that favors imports from those countries that do not regulate their greenhouse gasses. This is just part of the pollution haven factor which I cited in my first blog post.
Some people recognize this, including the Mine worker's Union President, Cecil Roberts complained about China and India which are producing a coal-fired power plant every week.
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