Marijuana Legalization Rolled Up From Local Policy to National Action. Carbon Pricing Could Be Next [Fortune]
Phillips 66 (PSX)
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Source: Fortune
When states watch and learn from each others’ policy victories, it sets the stage for national legislative action. This has played out over the past years with marijuana legalization and health care reform. A similar process seems to be occurring with carbon pricing, which reduces climate pollution and provides incentives to expand clean energy—though it’s in an earlier stage. Could carbon pricing be the next marijuana of the policy world? Despite a UN report warning the world that there are only 12 years left to take action to avoid the worst impacts of climate change, the federal government remains intent on rolling back environmental protections and eventually withdrawing from the Paris agreement. But giving in to inaction or delay is simply not an option. States are going to have to step up to the plate, even in the face of opposition from the fossil fuel industry, and carbon pricing will be one of their primary methods of fighting climate change at the sub-fed
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