Resources for the Future (RFF) today released the latest version of its Carbon Pricing Calculator—a new interactive tool that helps users visualize the environmental and economic effects of different carbon pricing proposals, and design their own custom policy.
This new version of the Carbon Pricing Calculator expands on RFF’s popular E3 Carbon Tax Calculator. It allows users to compare the environmental and economic impacts of current legislative proposals (updated as of September 2019) that place a price on carbon. It also allows users to create a custom carbon tax path that can be compared with different policies. Users can choose different variables to consider: the carbon price, annual or cumulative emissions (energy-related CO2), annual revenues, or GDP from 2020 to 2035. The calculator also shows the percent change in consumer prices in the year 2030 and the change in the average household’s wealth in the first year of the policy.
This calculator was developed using research from Marc Hafstead, the director of RFF’s Carbon Pricing Initiative.
The Carbon Pricing Calculator is being launched at today’s RFF Live event: “The Future of Carbon Pricing: Examining 2019's New Proposals.”
Resources for the Future (RFF) is an independent, nonprofit research institution in Washington, DC. Its mission is to improve environmental, energy, and natural resource decisions through impartial economic research and policy engagement. RFF is committed to being the most widely trusted source of research insights and policy solutions leading to a healthy environment and a thriving economy.
Unless otherwise stated, the views expressed here are those of the individual authors and may differ from those of other RFF experts, its officers, or its directors. RFF does not take positions on specific legislative proposals.