BusinessGreen: Democrat Congressman Jim McDermott has become the latest politician to try and deliver a US carbon pricing mechanism, after last week tabling a bill in the House of Representatives that would result in a new national tax on carbon emissions.
McDermott said the tax would help cut emissions to 80 per cent below 2005 levels within 42 years of the bill being enacted, by driving investment in new low carbon energy infrastructure.
Significantly, the legislation, entitled the Managed Carbon Price…

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