Cato Institute disagrees: Carbon Tax
A public policy research organization dedicated to individual liberty, limited government, free markets, and peace.
Both in theory and practice, economic analysis shows that the case for a U.S. carbon tax is weaker than its most vocal supporters have led the public to believe.source
The Cato institute did not take into account the most recent research from the peer-reviewed scientific literature which showed that taking tipping points into account in the economic models roughly doubles the Social Cost of Carbon, and thus the magnitude of the carbon tax that is justified based on the economics. http://rdcu.be/cLYO