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May 22, 2013
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Budgetary and Economic Effects of Climate Change Proposals
Proposals to limit emissions of greenhouse gases include imposing taxes on greenhouse gas emissions and selling rights to businesses to produce set amounts of those emissions. Such proposals aim to minimize the change in the climate and the negative consequences of such a change, but they also would impose economic costs, primarily by raising the cost of producing goods and services, and could have significant effects on the federal budget.
related publications
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The Costs of Reducing Greenhouse-Gas Emissions
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The Economic Effects of Legislation to Reduce Greenhouse-Gas Emissions
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How Policies to Reduce Greenhouse Gas Emissions Could Affect Employment
May 05, 2010 -
The Distribution of Revenues from a Cap-and-Trade Program for CO2 Emissions
May 07, 2009 -
Reducing the Deficit: Spending and Revenue Options
March 10, 2011
Effects of a Carbon Tax on the Economy and the Environment
May 2013 - A carbon tax’s effect on the economy depends on how lawmakers would use revenues generated by the tax. The tax would help reduce U.S. emissions but would have only a modest effect on the Earth’s climate without a worldwide effort.
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