Remove Economy Remove Environment Remove Federal Program Remove Tax
article thumbnail

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

Green Car Congress

Although the energy intensity of the US economy has been improving for the past two decades, total emissions will continue to rise without a significant change from business as usual. Either cap-and-trade, a system of taxing emissions, or a combination of the two could provide the needed incentives. Limiting the Magnitude”.

article thumbnail

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

Green Car Congress

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

Tax 312