Daily on Energy: Biden Can't Meet Emissions Targets Without Carbon Pricing, Research Shows

A Washington Examiner newsletter focuses on new research on emissions reductions by an RFF team.

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Date

Sept. 17, 2021

News Type

Media Highlight

Source

Washington Examiner

The research published yesterday by Resources for the Future and World Resources Institute, done separately, shows a carbon tax would enhance Democratic policies headlining the party’s climate push, namely the clean electricity payment program (CEPP) paying utilities to use more carbon-free power, combined with a package of new and expanded tax subsidies for clean energy technologies.

According to the Resources for the Future modeling , combined, those latter two policies without carbon pricing could reduce carbon emissions to roughly 39% below 2005 levels in 2030, falling short of Biden’s Paris Agreement target of at least 50% by the end of this decade.

Topics

Related People

Marc Hafstead

Fellow

Marc Hafstead is an RFF fellow and director of the Carbon Pricing Initiative and the Climate Finance and Financial Risk Initiative.

Wesley Look

Senior Research Associate

Wesley Look is a senior research associate at RFF. His work focuses on fairness for workers and communities in transition.

Nicholas Roy

Research Associate

Nicholas Roy is a research associate at Resources for the Future, where he analyzes policies that include clean energy tax credits, renewable energy standards, and emissions pricing.

Karen Palmer

Senior Fellow; Director, Electric Power Program

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.

Joshua Linn

Senior Fellow

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.

Kevin Rennert

Fellow; Director, Federal Climate Policy Initiative

Kevin Rennert is a fellow at RFF. He also serves as director of the Comprehensive Climate Strategies Program and the Federal Climate Policy Initiative.

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