Abstract
Economists have for decades recommended that carbon dioxide and other greenhouse gases be taxed - or otherwise priced - to provide incentives for their reduction. The USA does not have a federal carbon tax; however, many state and federal programs to reduce carbon emissions effectively price carbon - for example, through cap-and-trade systems or regulations. There are also programs that subsidize reductions in carbon emissions. At the 2022 meetings of the American Economic Association, the Society for Benefit-Cost Analysis brought together five well-known economists - Joe Aldy, Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, and Rob Williams - to discuss how the USA does, in fact, price carbon and how it could price carbon. Maureen Cropper chaired the panel. This paper summarizes their remarks.
| Original language | English |
|---|---|
| Pages (from-to) | 310-334 |
| Number of pages | 25 |
| Journal | Journal of Benefit-Cost Analysis |
| Volume | 13 |
| Issue number | 3 |
| Early online date | 22 Nov 2022 |
| DOIs | |
| Publication status | Published - Nov 2022 |
Bibliographical note
Publisher Copyright:© 2022 The Author(s).
Funding
Coauthor Aldy’s research was supported by the Belfer Center for Science and International Affairs, BP, Environmental Defense Fund, Harvard University Center for the Environment, and Roy Family Fund. 1
Keywords
- carbon pricing
- incentives to reduce carbon emissions
- US climate policies
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