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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 They found that the tax would raise $1.5
The MIT Energy Initiative has released a new report on reducing carbon dioxide emissions from existing coal plants. In the interim, we need a large, focused, federalprogram to develop and demonstrate commercial-scale technologies. We urgently need technology options for these plants and policies that incentivize implementation.
Illustration of the representative US cumulative GHG emissions budget targets:170 and 200 Gt CO2-eq (for Kyoto gases). A carbon-pricing system is the most cost-effective way to reduce emissions. Carbon pricing alone, however, is not enough to sufficiently reduce domestic emissions, the report warns. Source: NRC.
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