You blame both God and man for super storm Sandy. I agree. However, the cost of dealing with the human side of the equation is not as high as the oil, coal and natural gas industries would have us believe.
A revenue-neutral carbon tax, best known as fee-and-dividend, is the right step toward solving the problem. By placing a steadily rising fee on carbon-based fuels and returning the revenue to the public, we will send a signal to the marketplace that motivates the private sector to invest in clean energy.
We can protect U.S. businesses from unfair competition by placing a tariff on imports from nations that do not place a similar price on carbon. This will provide the incentive for other nations, like China and India, to adopt carbon fees.