Rail-size carbon tax looms
Last week, a bill to establish a carbon tax in Hawaii passed the Hawaii state Senate and crossed over to the house. The bill “would set tax rates equivalent to a uniform tax of $40 per metric ton of carbon dioxide emissions from all fossil fuels,” said state Sen. Karl Rhoads, who introduced the bill, in a statement issued by the Senate. “That tax rate would incrementally increase over the next decade to $80 per ton of CO2 emissions — a level that many experts believe…