Carbon Tax Push Reappears Amid Democrats' Budget Negotiations
The Houston Chronicle cites RFF modeling to show how a carbon tax could help the United States reach President Biden's clean energy goals.
Recent analysis by the nonprofit Resources for the Future predicted that at $15 per ton carbon tax, increasing to $30 per ton in 2028, would reduce economy-wide emissions carbon emissions roughly 45 percent by 2030 compared to 2005 levels. And combined with Democrats’ proposed subsidies for clean energy and electric vehicles, that would push emissions reduction over President Joe Biden’s goal of 50 percent by the end of the decade, said Joseph Majkut, director, Energy Security and Climate Change Program.
