Apr 6, 2021
A federal price on emissions is now officially backed by the American Petroleum Industry (The Maui News, March 26.)
Eight of the 10 biggest world economies are pricing carbon except India and the U.S. (The E.U. wants to pressure its trading partners to comply with the policy.) Governor Ige has come out in favor also.
The University of Hawaii Economic Research Organization found that GDP will be favorably affected.
Carbon pricing will reduce air pollution and so save lives. But prices for energy and food will rise. This is why Citizens Climate Lobby proposes a dividend to households to compensate for this rise.
kcerizo@mauinews.com
Tasaka Guri-Guri co-owner Gail Saito poses with cousin Kelly Kohatsu in the iconic Maui Mall shop Thursday afternoon. Saito said Kohatsu is the fastest guri-guri scooper in the land. The iconic mom-and-pop operation is one of the legacy small businesses that survived 2020, a hopeful sign for Mauiâs cultural and economic climate moving forward. The Maui News / MATTHEW THAYER photos
EDITOR’S NOTE: This is the third in a limited series looking back on the year since COVID-19 arrived in Maui County. Each story will explore an industry directly impacted and reshaped by the pandemic. Today’s feature focuses on small businesses.
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At the end of the day, vaccinations are what will help get tourists back to the islands, economists say, although it will likely take several years before the economy looks like it did before the pandemic.