Rolling Stone: "The Climate Fight Isn't Lost. Here Are 10 Ways to Win"
A popular 2021 RFF issue brief about the emissions reduction potential behind a carbon fee is cited.
A carbon fee could be crafted to return higher dividends to low-income consumers, thus abiding by Biden’s pledge not to raise taxes on families earning less than $400,000 annually.
How effective would it be? A recent analysis by Resources for the Future, a nonpartisan energy and environmental research organization, found that a U.S. carbon fee that started at $15 per metric ton and escalated to $50 per metric ton by 2030 would cut the country’s carbon pollution by about 44 percent from 2005 levels by 2040 — doing a lot of heavy lifting for Biden’s goal of reducing greenhouse gases by 50 percent from 2005 levels by 2030.
