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.
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.