Vermont and France have at least two attributes in common—both produce world class cheese and both have a low carbon footprint. France has implemented modern nuclear power to generate electricity which does not generate carbon, and Vermont is a
carbon “sink”—meaning our carbon emissions from fuel are more than offset by carbon absorbed by our forests and farmlands.
So it was perhaps unsurprising that French citizens protested a carbon tax proposal by President Macron given the cost of fuel and France’s low carbon profile. French citizens realized that they would pay dearly in additional fuel taxes for the sole purpose of assuaging the carbon guilt of jet-setting EU aristocrats.
Let me be clear: Climate change is real, and must be addressed. From modernizing weatherization, to encouraging “green” businesses, to developing well-sited renewable energy, we can tackle this challenge. But a carbon tax will undoubtedly be introduced this upcoming session by the new and more left-leaning legislature in conjunction with more regulation on emissions and tax credits for purchases of electric cars. These proposals or policies are regressive—meaning the impact will be more punitive for low and moderate income people than for upper income folks. Let’s break it down...