For you, Dr. Ekwurzel, Dr. Hansen has proposed that in order to address the price impact on the consumer, you essentially have a rebate, a 100 percent rebate.
Chris Van Hollen
The Public Record
Chris Van Hollen is an American politician serving as the junior United States senator from Maryland since January 3, 2017. A member of the Democratic Party, he previously represented Maryland's 8th congressional district in the U.S. House of Representatives from January 3, 2003, to January 3, 2017. Throughout his career, Van Hollen has focused on issues such as economic policy, healthcare, and education reform.
I cannot tell you exactly. By the way, the $115 is per ton of CO2, not carbon.
Let us assume that is the path we want to reductions on that schedule. What would be the effective price for carbon in order to hit that goal and any schedule in terms of price increases?
I guess the question on the minds of many consumers is not Dr. Hansen's approach a more direct approach to ameliorating that cost impact on a consumer?
I like the carbon price as the tuning knob because it is a stable one with a linear, while in the case of caps, there is too much volatility.
What would be the effective price for carbon in order to hit that goal and any schedule in terms of price increases?
Thank you, Mr. Chairman. Let me thank all of our witnesses for their testimony.
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