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Carbon Tax
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A carbon tax is a tax levied on the carbon content of fuels. It is a form of carbon pricing.
Agree:
Greg Mankiw Harvard professor in economics
People don't want to think about climate change every time they do every decision. They can't. What a carbon tax does is it nudges them in the direction of doing the right thing. But you can cut other taxes in response.
Barack Obama Former President of United States of America
I have long believed that the most elegant way to drive innovation and to reduce carbon emissions is to put a price on it
Bill Gates Philanthropist. Founder and former CEO of Microsoft.
The push is the R&D, the pull is the carbon tax. Yes, the government will be somewhat inept, but the private sector is in general inept. How many companies do venture capitalists invest in that go poorly? By far most of them.
Paul Krugman Economist (nobel laureate) and NY Times columnist
Emissions taxes are the Economics 101 solution to pollution problems; every economist I know would start cheering wildly if Congress voted in a clean, across-the-board carbon tax.
Bob Inglis Former Congressman
You then offset that [carbon tax] with a reduction in payroll taxes, dollar for dollar. And that's why I was so flexible. It's a tax swap, that's what I was talking about. It wouldn't grow the government, and it would approximate the attachment of these negative externalities to combustion fossil fuels.
Jerry Taylor President, Niskanen Center
The cost of a carbon tax (likely less than 0.8% of GDP) is well south of the expected costs of warming by 2100 (as mentioned earlier, a conservative 3.6% or more of GDP).
Katharine Hayhoe Atmospheric scientist and associate professor of political science at Texas Tech University
We don’t have a price on carbon. And because there is no price, we lack the information to make sound decisions.
Jefferey Sachs American economist
Each region of the world should introduce a tax on CO2 emissions that starts low today and increases gradually and predictably in the future
Erik Brynjolfsson Professor at MIT
If we're willing to send half a million fellow citizens into battle, to protect oil supplies and our economic way of life, we should be no less willing to make the small sacrifice of paying more for gasoline. A revenue-neutral plan that reduced Social Security taxes by $1 billion for every penny a gallon of gas tax would leave the working poor and middle class better off than before. In the long t... See More
Erik Solheim Executive director of UN Environment
The profit of destroying nature or polluting the planet is nearly always privatized, while the costs of polluting the planet or the cost of destroying ecosystems is nearly always socialized. That cannot continue.
Ted Halstead Author, public speaker and social entrepreneur
It is pro growth, pro competition, pro jobs, deregulatory, and it will help the working-class voters that Trump promised to help.
Kenneth Gillingham Associate Professor of Economics, Yale University
Carbon pricing achieves emissions savings by making the carbon content of every decision that you make salient or clear to the person making the decision
Ted Gayer Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior Fello
A carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
William Baldwin
Chuck out all energy legislation, replacing it with a one-sentence statute that levies a tax on carbon emissions.
Bruce Bartlett
Trump infrastructure and tax plans should include flood control and a carbon tax.
Gary Becker
We should seek out the many forms of subsidy that run through the entire energy enterprise and eliminate them. In their place we propose a measure that could go a long way toward leveling the playing field: a revenue-neutral tax on carbon, a major pollutant.
Herman Daly
a stiff severance tax on carbon, levied at the well head, mine mouth, or port of entry, would go a long way by both reducing carbon use and giving an incentive for developing alternative carbon-free technologies.
Robert H. Frank University of California, Berkeley, Georgia Institute of Technology
Reducing CO2 emissions would actually be surprisingly easy. The most effective remedy would be a carbon tax, which would raise the after-tax price of goods in rough proportion to the size of their carbon footprint.
Art Laffer American economist who first gained prominence during the Reagan administration as a member of
A carbon tax would attach the national security and environmental costs to carbon-based fuels like oil, causing the market to recognize the price of these negative externalities.
Donal Marron
Putting a price on carbon is the most efficient way to reduce carbon emissions.
WiIlliam Nordhaus Professor of economics at Yale University
Actually from an economic point of view, it's a pretty simple problem
Steven Novella
I am increasingly compelled by arguments for a carbon tax.
Richard Posner
Stiff taxes will put pressure on the energy industry to achieve technological breakthroughs (such as sequestration of carbon dioxide) that will greatly reduce the use of fossil fuels.
Steven Running Regents Professor, Forest Ecology, College of Forestry & Conservation at the University of Mon
...We really need to put a carbon tax that represents the impact carbon emissions have on the world.
Irwin Stelzer Economist, journalist for Sunday Times (London), consultant
No need to compromise on the one solution that almost every economist agrees would be a prudential, efficient way to reduce emissions—a carbon tax.
Alex Tabarrok
Two hard ideas that the public must accept if we are to move to a cleaner energy future: nuclear power and carbon taxes.
Charles Wheelan I teach public policy at Dartmouth. I am the author of Naked Money, Naked Statistics, and othe
Even in the face of uncertainty over the effects of global warming – including whether it is happening at all – the policy we ought to pursue is a no-brainer. We ought to protect ourselves from a potentially catastrophic outcome by curtailing carbon emissions now.
Martin Feldstein Economics Professor @ Harvard University & President Emeritus, National Bureau of Economic Res
Two-thirds of American households will receive more in carbon dividends than they will pay directly in carbon taxes.
