At first glance, it may seem that the United States won’t be adopting a carbon pricing plan any time soon. But that’s likely to change sooner than you might think.
Another difference from just a year ago is support for a significant price on carbon from the legacy energy companies. Exxon Mobil supports the Climate Leadership Council’s proposal for a significant tax on emissions, which was crafted by Republicans. The U.S.
The only truly significant hurdle to pricing carbon would seem to be the policies and attitude of President Trump, who at one time declared climate change a hoax and who famously doesn’t admit to past mistakes. His leadership of the Republican Party has cowed many legislators, including those in leadership roles, from publicly declaring support of carbon pricing or bringing issues to the floor for debate.
But his very specific antipathy to climate science and policies, along with his support for legacy energy sources such as coal, can be seen as a dam ready to burst. While the Trump dam tries to hold the debate in one place, pressure is building more intensely for action. Either a new president will open the dam come January 2021, or the dam will break with Trump bowing to the pressure. We know when a dam breaks, the water spills out faster and can be uncontrolled.
UH Energy is the University of Houston’s hub for energy education, research and technology incubation, working to shape the energy future and forge new business approaches in the energy industry.
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