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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. Policies for limiting climate change must remain durable for decades.

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

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This revenue could be used to either cut other taxes or to avoid cuts in Federal programs. The first win—Congress could reduce personal or corporate income tax rates, extend the payroll tax cut, maintain spending on social programs, or some combination of these options. —John Reilly.

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