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Unleashing Innovation To Meet our Energy and Environmental Needs | ExxonMobil Page 11 of 12
and continued improvements in emissions levels related to industrial
processes.
If, policymakers conclude that more action is required, such as putting a
more direct cost to carbon to incentivize different choices, we suggest
that these policies ensure a uniform and predictable cost of carbon
across the economy; that this lets markets drive solutions; that maximize
transparency, reduce complexity, and promote global participation.
For some years now, ExxonMobil has held the view that a "revenueneutral
carbon tax" is the best option to fulfill these key principles.
Instead of subsidies and mandates that distort markets, stifle innovation,
and raise energy costs, such a carbon tax could help create the conditions
to reduce greenhouse gas emissions in a way that spurs new efficiencies
and new technologies.
The revenue-neutral carbon tax could be a workable policy framework
for countries around the world - and the policy most likely to preserve
the ability of every sector of society to seek out new efficiencies and new
technologies.
Sustaining Innovation into the Future
As we look to the energy challenges of the future, the energy policies we
establish today will affect the investment and innovations of tomorrow.
And those technologies will help determine the economic growth and
individual opportunities for future generations.
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