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A Carbon Tax is a much better way to reduce Carbon than Cap and
Trade, because it is not as easily manipulated by the interests of
utility and gas companies.

A stronger plan would combine two of the approaches identified by
CARB:

Carbon Tax. This is a much more transparent approach to pricing
carbon. Also, the revenues go to the state, which can use it to
close the budget gap, re-fund our public transportation systems,
schools, and social services, and invest in green energy. We the
People need that money more than Chevron does — make polluters
pay!
 
Regulate specific pollution sources. A carbon tax makes it more
expensive to pollute, but does not always guarantee less pollution.
That’s why it’s a good idea to combine this policy with strict
enforcement of clean air laws with the biggest polluters, such as
oil refineries, making sure to clean up the environment for the
communities that live around them.