Friday, December 2, 2022
Hawai'i Free Press

Current Articles | Archives

Thursday, March 5, 2020
Senate passes bill to establish a carbon tax on fossil fuels
By News Release @ 5:35 PM :: 3601 Views :: Environment, Development, Hawaii State Government, Cost of Living

Senate passes bill to establish a carbon tax on fossil fuels

Measure would use a market-based approach to efficiently adjust fossil fuel prices to include the social cost of carbon

News Release from Senate Democratic Caucus, March 5, 2020

Honolulu, Hawaiʻi – A bill to establish a tax on emissions of carbon dioxide as means to mitigate climate change passed third reading in the State Senate.

Senate Bill 3150 SD2 will now cross over to the House for consideration.

The overriding purpose of the bill is to assist in mitigating the severity of climate change by significantly reducing the carbon dioxide emissions that occur from combustion of fossil fuels. The committee report filed by Senator Donovan Dela Cruz, Ways and Means Committee Chair, states that “ … climate change is the most critical issue confronting the State. The overwhelming consensus of climate scientists … is that climate change is occurring primarily as a result of the combustion of fossil fuels. The Hawaii Climate Change Mitigation and Adaptation Commission has stated that the most effective single means of reducing greenhouse gas emissions is to ‘put a price on carbon.’”

The bill has two key components. First, it reconfigures the existing barrel tax to set taxes on each fossil fuel, based on the relative amount of carbon dioxide emissions that result from its combustion. Senator Karl Rhoads, who introduced the bill, observes that, “as drafted, the bill would set tax rates equivalent to a uniform tax of $40 per metric ton of carbon dioxide emissions from all fossil fuels. That tax rate would incrementally increase over the next decade to $80 per ton of CO2 emissions -- a level that many experts believe is needed to provide an adequate disincentive to further use of fossil fuels.”

And second, the senator notes that “the proposed carbon tax is intended to raise the prices of fossil fuels to reflect the estimated costs to the people of this State and elsewhere to be incurred from the adverse impacts of climate change. The specific tax rates will be determined in conference with the House of Representatives.

The carbon tax bill received initial approval by the Senate Committees for Agriculture and Environment and Energy, Economic Development, and Tourism at a joint hearing on Wednesday, February 12, 2020. In approving the bill, the committees added an amendment that would establish a tax credit to help alleviate the economic impact of the tax on lower income segments of Hawaii’s population.

Senator Mike Gabbard, Chair of the Agriculture and Environment Committee, explained that “while increasing the price on fossil fuel usage is the most effective way to reduce carbon emissions and to mitigate the impacts of climate change, we recognize the disproportionately greater impacts of such a tax on Hawaii residents with lower incomes. The refundable tax credit added by the amendment to Senate Bill 3150 is a means of reducing the economic impact of the carbon tax on our citizens who are less able to afford it.”

The actions of the State of Hawaii alone will not prevent disaster. But if responsible action is taken now by the state, other states that are considering a carbon tax – and there are many – may be encouraged to enact such taxes as well.

If enough states do so, the collective impact of those actions can largely compensate for the continued inaction of the federal government.

The need for action now is compelling. Last year marked both the highest quantity of carbon dioxide emissions by humankind and the highest carbon dioxide concentration in the atmosphere in history. Every year, that effective action to reduce fossil fuel emission is another year delayed in which even more carbon dioxide accumulates in our atmosphere, further exacerbating the adverse impacts of climate change.

---30---

Feb 18, 2020: Thanks to Sea Level Rise Hysteria, Carbon Tax to become $15B Slush Fund for Developers

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Life Alliance

Hawaii March for Life 

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT