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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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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. Develop and demonstrate power plants equipped with carbon capture and storage technology. Complement the carbon pricing system.

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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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