Do climate policies ‘kill jobs’? An economist on why they don’t cause massive unemployment
View on The Conversation website"Resources for the Future, a think tank that researches economic, environmental, energy and natural resource issues, has developed complex computational models of the economy that clarify the whole picture on the connection between regulations and jobs.
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The think tank predicts that a hypothetical US$40 per ton carbon tax, which would translate into an increase of about 36 cents per gallon of gasoline, would increase the overall unemployment rate by just 0.3 percentage points. The effect is even smaller, at just 0.05 percentage points, if the government were to uses the carbon tax’s revenue to cut other tax rates."
