Protecting Lower Income Families While Fighting Global Warming

Mar 12, 2009 | Dallas Burtraw
U.S. House of Representatives Committee on Ways and Means Subcommittee on Income Security and Family Support


These comments highlight the distributional consequences of climate policy in the United States. The primary influence affecting the impact on households is the way that the value of emissions allowances is distributed in the economy. It is possible to fully compensate all low and moderate income families, leaving many households with net benefits under the policy.