As presidential candidates, policymakers and businesses take a renewed interest in comprehensive federal climate policy, it's clear that the details of any policy could make or break its success.
Carbon taxes are frequently proposed as a cornerstone climate policy solution, but a chief concern for policymakers is how much to charge for each ton of carbon dioxide emissions. Leading experts at the Center on Global Energy Policy, the Environmental Defense Fund, and Tufts University joined a discusssion to explore approaches for setting carbon tax rates and the implication of different choices, from emissions reductions to energy prices and economic outcomes.
Panelists included: Susanne Brooks, Senior Director of U.S. Climate Policy & Analysis at the Environmental Defense Fund; Noah Kaufman, PhD, CGEP Research Scholar; and Gilbert E. Metcalf, PhD, John DiBiaggio Professor of Citizenship and Public Service and Professor of Economics at Tufts University.
Dr. Metcalf also gave an overview of his book Paying for Pollution: Why a Carbon Tax is Good for America (Oxford Univ. Press, 2019), which examines the economic and social costs of climate change and the challenges of concerted action to reduce future losses due to damages of higher temperatures and more extreme weather. The book argues that that a thoughtfully and politically sensitive designed carbon tax could also contribute to an improved tax system, and compares the benefits of a carbon tax to other potential policies, such as cap and trade, to reduce the threats of climate change.