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National Research Council Report Recommends Setting a US Carbon Budget Through 2050; Concludes Known Technologies Not Sufficient to Meet Budget Goals

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The report, Limiting the Magnitude of Future Climate Change is one of three released by the NRC, the operating arm of the National Academy of Sciences and National Academy of Engineering. Fri, Chair, Panel on Limiting the Magnitude of Future Climate Change. A carbon-pricing system is the most cost-effective way to reduce emissions.

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MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions

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A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. They found that the tax would raise $1.5 —Rausch and Reilly (2012).

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