Avoiding the most dangerous risks of climate change requires increased policy ambition around the world, including strong federal-level action in the United States. Economists have long pointed to a carbon tax as an important part of any cost-effective portfolio of climate policies. A carbon tax would reduce emissions by raising the costs of carbon-intensive products, thus causing producers and consumers to factor the costs of climate change into their market decisions. The purpose of this commentary is to describe the major design decisions associated with a federal carbon tax, particularly carbon tax rates, revenue use, and regulatory changes. The authors analyze their implications on US energy markets, emissions, and the economy. They focus on two carbon tax scenarios that resemble federal legislation proposed in 2018, one by Democratic members of Congress led by Sheldon Whitehouse and one by Republican Congressmen led by Carlos Curbelo.
To achieve the Paris Agreement goals, the global buildings sector must achieve net-zero emissions by 2050, and all new buildings must be net-zero carbon starting in 2030.
Energy and Environment in India: The Politics of a Chronic Crisis By Johannes Urpelainen July...
In June 2022, the government of South Sudan acknowledged that Egypt had delivered equipment for resuming its long-dormant Jonglei Canal megaproject by dredging tributaries of the White Nile.