Wow! Big story in from about the #EnergyInnovationAct. "In Washington, the immaculate solution to #climatechange has a name: a bipartisan, revenue-neutral carbon tax."
“Last week, a study from economists ⁦⁦⁩ found that the tax plan with the most support in Congress would slash American carbon pollution by almost 40 percent within a decade.” Great summary of our latest work ⁦
There’s a bipartisan proposal in Congress that could cut US carbon pollution by a third in just five years, a new study finds. But “bipartisan” is a funny word. Dozens of Democrats support the bill. Its sole GOP backer is planning to leave politics.
Something I didn’t know: A US carbon tax would have a really outsize effect on the power sector. Even with a very high carbon price, ~85% of all emissions cuts nationwide come from electricity. Study from et al: My story:
How to Cut U.S. Carbon Pollution by Nearly 40 Percent in 10 Years: Carbon pricing with rebates. It’s even bipartisan—or should be. reports
We hear a lot about the dream of a bipartisan carbon tax-and-dividend scheme, so it’s worth being very clear: Right now, there is NO such carbon-tax bill supported by lawmakers of both parties who are seeking re-election in 2020.
This seems like an interesting approach
How to Cut U.S. Carbon Pollution by Nearly 40 Percent in 10 Years (Answer rhymes with Carbon Wax.)
A bipartisan carbon tax sounds good in theory. And new research shows that it could work well. But the idea is losing support reports