Daily on Energy: Sheldon Whitehouse Says Carbon Pricing Is 'Highly Likely' for Democratic Spending Package
In a recent interview, Senator Sheldon Whitehouse talks about using RFF analysis to pitch the Biden administration on exempting gasoline from a carbon tax.
To ensure a carbon price doesn't violate President Joe Biden's pledge to not raise taxes on people making less than $400,000 a year, Whitehouse said he's pitched the administration on exempting gasoline from the tax.
He presented administration officials a study from Resources for the Future showing emissions reductions for a carbon tax with and without an exemption for gasoline are relatively similar (basically because people would be unlikely anyway to stop driving their gasoline-powered vehicles or switch to EVs just because of a slight increase in gas prices caused by a carbon tax).
"It turns out by taking unleaded gas out you lose very little on the emissions side and may gain a great deal of public acceptance," Whitehouse told me in a separate follow-up interview after we stopped recording.
Marc Hafstead is an RFF fellow and director of the Carbon Pricing Initiative and the Climate Finance and Financial Risk Initiative.
Senior Research Associate
Wesley Look is a senior research associate at RFF. His work focuses on fairness for workers and communities in transition.
Senior Research Analyst
Nicholas Roy is a senior research analyst at Resources for the Future, where he analyzes policies that include clean energy tax credits, renewable energy standards, and emissions pricing.
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.
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.
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