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 day I made that statement, about the inventing the internet, I was tired because I'd been up all night inventing the Camcorder.
Al GoreThe dominance of short-term perspectives has led to routine decisions in the markets that sacrifice the long-term buildup of genuine value in pursuit of artificial, short-term gains.
Al Gore