In the search for safety barriers at the edge of the US fiscal cliff, a carbon tax is a possible solution that’s expected to get serious attention during the remainder of 2012 and beyond.

As the new Obama Administration urgently seeks new sources of revenue ahead of the Jan. 1 trigger for automatic spending cuts and tax increases, and Congressional Republicans signal a post-election willingness to compromise on budget negotiations, the idea of a tax on the carbon content of fossil fuels is gaining traction as a measure that could meet the requirements of different groups. Keep reading →