State Journal

Directly taxing emission of carbon dioxide to thwart its effect on climate has been much talked about post-election, but an spokesman for the president said it's off the table.

By implementing a tax on carbon dioxide emissions, many believed significant reductions of greenhouse gas emissions could be achieved absent the complicated system of cap-and-trade that failed Congressional muster in 2010.

The coal industry likely stands to suffer the most from any sort of tax on carbon dioxide emissions.

At a press conference Wednesday, President Barack Obama emphasized a need to address climate change, but White House Press Secretary Jay Carney said that something would not be a "carbon tax."

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