Friday, November 10, 2006

Boulder votes in first tax on CO2

The nation's first municipal tax on global warming pollution was voted in this week in Boulder, CO. The local utility, Xcel Energy, gets most of its electricity from coal, so customers will be taxed on the carbon dioxide that the burning of coal releases. The tax is based on the amount of electricity used, and is expected to cost about $1.33 extra per month for homeowners and $3.80 for businesses.

Customers that participate in Xcel's Windsource program will not pay the tax, which is expected to bring in about $1 million a year for the city. Xcel Energy will use that money to fund energy audits and energy efficiency advisors for homeowners.

A local business group opposed the tax, which nonetheless passed with 58% of the vote.

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