The Paris Agreement on climate change homes in on curbing greenhouse gases (GHGs), specifically carbon dioxide. While 27 governing districts, including nations and states, currently operate under a carbon tax architecture, the United States does not impose such a levy. Professor Gilbert E. Metcalf argues that a US carbon tax would help abate GHGs, and it would do so more effectively than a cap-and-trade scheme. Business leaders, analysts and policy experts can explore the details and effects of a US carbon tax in this informative and comprehensive report.
In this summary, you will learn
Why reducing carbon dioxide emissions is critical to addressing climate change,
How carbon taxes can serve as an effective abatement tool and
What advantages carbon taxes have over cap-and-trade programs.
About the Author
Gilbert E. Metcalf is an economics professor at Tufts University and a researcher at the National Bureau of Economic Research.