Republicans Blow Their Chance to Pass a Carbon Tax
View on The Atlantic website"Economic models of the idea have made big promises. If the United States imposed a tax of $25 per ton of carbon pollution, it could raise $1.1 trillion over 10 years while preventing 12.4 billion tons of carbon emissions by 2030, according to Resources for the Future, an independent economics research group. A $50 tax could raise $1.9 trillion and prevent almost 20 billion tons.
A carbon tax of $15 would allow the United States meet its goals under the Paris Agreement, according to Resources for the Future. In those negotiations, President Obama promised that the United States would reduce its annual carbon emissions by about 1.6 billion tons by 2030."
