Difference between revisions of "Carbon Pricing"
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Citizen Climate Lobby explains the [https://citizensclimatelobby.org/basics-carbon-fee-dividend/ Basics]. | Citizen Climate Lobby explains the [https://citizensclimatelobby.org/basics-carbon-fee-dividend/ Basics]. | ||
| − | 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. | + | 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: |
| − | * 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. | + | :[https://11bup83sxdss1xze1i3lpol4-wpengine.netdna-ssl.com/wp-content/uploads/2014/09/REMI-National-SUMMARY.pdf "Summary of “The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax” By REMI and Synapse"]) |
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| + | (* 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.) | ||
There’s a separate analysis for | There’s a separate analysis for | ||
Revision as of 16:54, 1 June 2020
Contents
Fee and Dividend Model
Citizen Climate Lobby explains the Basics.
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:
(* 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 these pdf documents:
- Financial Impact on Households of Carbon Fee and Dividend Local Impacts in New Mexico - District 3
- Financial Impact on Households of Carbon Fee and Dividend Local Impacts in New Mexico
- Financial Impact on Households of Carbon Fee and Dividend (US)
Carbon Pricing Legislation Comparisons
Several different bills to put a price on carbon and reduce greenhouse gas emissions were introduced in the 116th Congress. The Friends Committee on National Legislation developed a detailed, side-by-side comparison of bills under consideration in the House and Senate.
- "Carbon Pricing Legislation Comparisons" - FCNL - August 20, 2019
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 discussed some pitfalls:
- "Why a carbon tax won’t solve climate change" - The Star - Thomas Walkom - Dec. 2, 2019
