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.
Kevin Rennert is a fellow at RFF. He also serves as director of the Comprehensive Climate Strategies Program and the Federal Climate Policy 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.
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.
Senior Research Associate
Wesley Look is a senior research associate at RFF. His work focuses on fairness for workers and communities in transition.
Marc Hafstead is an RFF fellow and director of the Carbon Pricing Initiative and the Climate Finance and Financial Risk Initiative.
Issue Brief — Sep 16, 2021
Emissions Projections under Alternative Climate Policy Proposals
In this issue brief, RFF researchers estimate the projected energy-related carbon dioxide emissions under different climate policy proposals.
Resources Magazine — Oct 4, 2023
California’s Cap-and-Trade Program and Improvements in Local Air Quality
Although sometimes at odds, economic efficiency and environmental justice can coexist in effective, viable climate policy. Thoughtful policy design can help ensure that environmental benefits accrue in communities that need them the most.
Media Highlight — Aug 23, 2023
POLITICO: "There's a Run on Carbon Credits. That's Good News for the Budget."
A segment in POLITICO's new California Climate newsletter quotes RFF Senior Fellow Dallas Burtraw regarding the state's recent auction of greenhouse gas permits.