Eventually we'll use a CO2 tax offset by a reduction in taxes elsewhere alongside a cap-and-trade plan, but the degree of difficulty associated with a CO2 tax far exceeds that with a cap-and-trade plan. We're seeing it's hard to get a cap-and-trade plan and it's much easier to use as a basis for a global agreement than a CO2 tax.
Al GoreThe answer is to end our reliance on carbon-based fuels... If we succeed, we create booming new industries, wealth, clean secure energy and maybe we prevent the greatest disaster so far in human history, saving millions of lives while improving billions more. If we fail, basically it's business as usual while things slowly get worse all around us.
Al Gore