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 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. She also serves as the director of the Future of Power Initiative.
Wesley Look is a senior research associate at RFF. His work focuses on fairness for workers and communities in transition.
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.