Pass a Federal Carbon Tax
Join our growing coalition of businesses demanding a price on carbon.
A carbon price internalizes the cost of greenhouse gas emissions by assigning a monetary value to each ton of carbon emitted. When fossils fuel prices account for their real impact, renewable energy sources and energy efficient technologies will better compete in the marketplace.
If implemented next year, a carbon price with all revenues returned to citizens could:
- Reduce emissions by:
- 33% to 53% from 2005 levels by 2030 as per Stanford EMF study* starting @ $59 in 2020, escalating by 5%)
- 52% from 2005 levels by 2030 as per Resources For Future analysis**
- 39% from 2005 levels by 2030 as per EICDA targets
- Reduce cumulative emissions over the 2020 to 2030 time period by:
- More than eight times that of the Clean Power Plan
- More than two times that of the Paris Climate Agreement targets
- Emission reductions in keeping with IPCC’s 1.5 degree scenario***
*”Policy Insights from the Energy Modeling Forum Study on U.S. Carbon Tax Scenarios,” Climate Change Economics, Vol. 9, No. 1 (2018), Alexander Barron, Allen Fawcett, Marc Hafstead, James McFarland, and Adele Morris.
**”Projected CO2 Emissions Reductions under the American Opportunity Carbon Fee Act of 2019,” Issue Brief 19-02 , Marc Hafstead, April 2019.