Carbon Pricing

From Global Warming Wiki
Jump to navigation Jump to search

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 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. "Carbon Pricing Legislation Comparisons" provides a detailed, side-by-side comparison of bills under consideration in the House and Senate.

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