Biden Cannot Declare Victory on Climate Without One of These Policies
A story in the Atlantic cites RFF modeling on the emissions projections potential of active reconciliation proposals.
With this program in place, the U.S. electricity grid would generate 73 percent of its energy from zero-carbon sources within a decade, preventing at least 400 million tons of carbon pollution, according to the Rhodium Group, an energy-analysis firm... Resources for the Future, a nonpartisan think tank, has found similar results.
Biden’s other option is to support a carbon tax. Such a policy has traditionally been a favorite of economists, and it would reduce carbon pollution. A carbon fee of $15 per ton, rising 5 percent each year and exempting gasoline (as any Biden plan reportedly would), promises to eliminate 45 percent of U.S. carbon pollution by 2030 compared with its all-time high, according to Resources for the Future. That makes it roughly comparable to the Clean Electricity Program, and it would make Biden’s goal of halving carbon pollution by 2030 feasible.
Marc Hafstead is a fellow and director of the Carbon Pricing Initiative at RFF. His research focuses on the evaluation and design of climate and energy policies.
Wesley Look is a senior research associate at RFF. His work focuses on fairness for workers and communities in transition.
Nick Roy is a Research Analyst at RFF where he analyzes an array of policies including clean energy tax credits, renewable energy standards, and emissions pricing.
Karen Palmer is a Senior Fellow at Resources for the Future and an expert on the economics of environmental, climate and public utility regulation of the electric power sector. She also serves as the director of the Future of Power Initiative.
Josh Linn is a senior fellow at RFF. His research centers on the effects of environmental policies and economic incentives for new technologies in the transportation, electricity, and industrial sectors.