Difference between revisions of "Carbon Pricing"

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''(Files referenced are on my local hard drive)''
 
''(Files referenced are on my local hard drive)''
  
According to the Citizen’s Climate Lobby (CCL) commissioned report on “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax” by REMI and Synapse, a Fee & Dividend (F&D) policy based on $10/ton carbon* reduces US emissions to 69% of 1990 levels by 2025, and to 50% by 2035. Additional significant benefits include lives saved and GDP improvements. cumulatively 227,000 American lives would be saved in 20 years under F&D, and over the 20 years considered, GDP is [cumulatively] $1.375 trillion higher than without F&D. (See ''REMI-National-SUMMARY.pdf'')
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According to the Citizen’s Climate Lobby (CCL) commissioned report on “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax” by REMI and Synapse, a Fee & Dividend (F&D) policy based on $10/ton carbon* reduces US emissions to 69% of 1990 levels by 2025, and to 50% by 2035. Additional significant benefits include lives saved and GDP improvements. cumulatively 227,000 American lives would be saved in 20 years under F&D, and over the 20 years considered, GDP is [cumulatively] $1.375 trillion higher than without F&D. (See [https://11bup83sxdss1xze1i3lpol4-wpengine.netdna-ssl.com/wp-content/uploads/2014/09/REMI-National-SUMMARY.pdf REMI-National-SUMMARY.pdf])
  
 
* I assume this is per [short] ton [2000 lb] of elemental carbon and not [metric] tonnes [2204.6 lb] of CO<sub>2 </sub>as is often cited.
 
* I assume this is per [short] ton [2000 lb] of elemental carbon and not [metric] tonnes [2204.6 lb] of CO<sub>2 </sub>as is often cited.

Revision as of 16:08, 1 June 2020

Fee and Dividend Model

(Files referenced are on my local hard drive)

According to the Citizen’s Climate Lobby (CCL) commissioned report on “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax” by REMI and Synapse, a Fee & Dividend (F&D) policy based on $10/ton carbon* reduces US emissions to 69% of 1990 levels by 2025, and to 50% by 2035. Additional significant benefits include lives saved and GDP improvements. cumulatively 227,000 American lives would be saved in 20 years under F&D, and over the 20 years considered, GDP is [cumulatively] $1.375 trillion higher than without F&D. (See REMI-National-SUMMARY.pdf)

  • I assume this is per [short] ton [2000 lb] of elemental carbon and not [metric] tonnes [2204.6 lb] of CO2 as is often cited.

There’s a separate analysis for

  • Regional REMI Summary for the Mountain (MNT) Region (Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Wyoming), (MNT-Regional-Summary.pdf)

The study includes the impact of fees and dividends on households, see

  • Financial Impact on Households of Carbon Fee and Dividend Local Impacts in New Mexico - District 3 (HIS NM 3.pdf)
  • Financial Impact on Households of Carbon Fee and Dividend Local Impacts in New Mexico (HIS NM.pdf)
  • Financial Impact on Households of Carbon Fee and Dividend [US] (household-impact-study-summary.pdf)

Carbon Pricing Legislation Comparisons

From Friends Committee on National Legislation

Several different bills to put a price on carbon and reduce greenhouse gas emissions have been introduced in the 116th Congress. This chart provides a detailed, side-by-side comparison of bills under consideration in the House and senate.

https://www.fcnl.org/updates/carbon-pricing-legislation-comparisons-2237

Cap and Trade Model

[TODO]

Problems with Carbon Pricing

Mark Jaccard, Professor of Resource and Environmental Management at Simon Fraser University as reported by By Thomas Walkom National Affairs Columnist with The [Toronto] Star discusses Why a carbon tax won’t solve climate change