Marc Hafstead’s Issue Brief “Analysis of Alternating Carbon Tax Price Paths for the Climate Leadership Council (CLC) Carbon Dividends Plan” was cited in a Foreign Affairs article on US climate strategy. Listed below is the full quote:
“According to modeling by Resources for the Future, an American nonprofit that researches resource use and allocation, if the plan were enacted in 2021, it would cut U.S. carbon emissions in half by 2035 from 2005 levels. If cumulative U.S. carbon emissions were not on track to meet that objective after five years, then our annual carbon-fee escalator would automatically increase from its base rate of five percent per year to 7.5 percent per year, and then to ten percent per year if emissions were still not on track. The best modeling indicates that it is highly unlikely that this fee escalator would be triggered, but it is nevertheless an essential component of our approach.”
Read the full article here.