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The wisdom of taxing CO2

In an editorial, Pierre Veya praises Switzerland's adoption of a tax on CO2 gas emissions. "To tell the truth, Switwerland, which was at the cutting edge of ecological policy 20 years ago, has fallen behind. ... Another issue is too often absent from the debate. A CO2 tax helps to reestablish an equitable balance of energy sources and offers new technologies a chance to get off the ground. Contrary to the doomsday prophecies of certain economic circles, setting strict ecological criteria is not an obstacle to economic growth. On the contrary, it is undoubtedly one of the conditions - and one of the most effective as well - for averting an oil shock that seems increasingly inevitable. The road will be long and difficult. The CO2 tax is at last pointing us in the right direction."

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