NYC 'Congestion' Failure Provokes Questions on Carbon Pricing. By Charles Komanoff, Carbon Tax Center, April 8, 2008. "The demise of the pricing plan -- it passed the City Council last week but wasn't brought up for a vote in the State Legislature on Monday [the fed's deadline for the $354 million for mass transportation that the plans would have qualified NYC for] -- is prompting much hand-wringing in the City... There's soul-searching at the Carbon Tax Center as well. Having argued last year that congestion pricing and carbon taxing were thematically linked -- both entail valuing the commons to preserve it; both appear income-regressive but can be made strongly progressive by fairly and effectively allocating the revenues -- we're obliged to ponder what the failure of congestion pricing portends for carbon taxes in America... Our Grist post [above] elicited a number of candid, private replies... OK, readers, what do you think about the defeat of congestion pricing in New York and its implications for taxing carbon emissions? Please Post."
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