11 December 2012 – South Africa Says U.S. Should Adopt Carbon Budget by 2020 – Bloomberg

“The idea of a carbon budget is feasible in the U.S. if it is linked to tax reform and is budget neutral,” Daniel Rossetto , managing director of Climate Mundial Ltd., a London-based consulting company that works in carbon markets and a former JPMorgan Chase & Co. (JPM) executive. “Just putting a price on carbon will be viewed as a new tax and this will not be popular.” Like in Australia, the U.S. should use new revenues collected by government through a carbon program to fund cuts in other existing taxes on businesses and families, Rossetto said.“Then we have an affordable and politically acceptable opportunity for the U.S.,” he said.

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