Financing Innovation with a Carbon Tax

Robert D. Atkinson April 5, 2011
April 5, 2011

As President Obama continues the drum beat for new energy strategies to wean us off dependence on foreign oil and spur us onto developing cleaner alternatives, ITIF has weighed in on the energy/climate debate with a several recent reports that Administration policy makers and lawmakers should consider. The reports take on the myth that the price of carbon is the essential factor in driving innovation, catalogue the groundbreaking energy innovation work at the Department of Defense, and explore new ways of getting the innovation we need. In this piece, cross posted at Democracy – A Journal of Ideas, Rob Atkinson pulls together the information in these reports and argues for a carbon tax that would recycle revenue back into the pro-growth and pro-innovation activities.