A bit dated, from Feb 28th of this year, but given the big push for Paris and the Pope’s encyclical, it is germane at the moment. -Anthony
Stanford research reveals that it is ultimately people – not corporations – who would bear the costs of climate change regulation. Under a hypothetical carbon tax, households in the lowest income group would pay as a percent of income more than twice what households in the highest 10 percent of income distribution pay. The findings suggest a fairer way to regulate greenhouse gases in the United States.
New research finds the heaviest burden for climate change regulation falls on the poor, for whom basic necessities take up a bigger chunk of the budget.
The heaviest burden for climate change regulation costs falls on people – especially lower income groups – and not corporations, according to new Stanford research.
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