The Case Against a U.S. Carbon Tax

This analysis critiques the arguments for a U.S. carbon tax, highlighting economic, methodological, and practical issues, and examines the experiences of Australia and British Columbia with such taxes.

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Quick Facts
Report location: source
Language: English
Publisher: CATO Institute
Publication date: October 17, 2016
Authors: Patrick J. Michaels, Paul C. Knappenberger, Robert P. Murphy
Time horizon: 2050
Geographic focus: United States, Australia, British Columbia
Page count: 28

Methods

The research method involves a critical analysis of the economic literature on carbon taxes, the social cost of carbon, and the examination of real-world carbon tax implementations in Australia and British Columbia.

(Generated with the help of GPT-4)

Key Insights

The report argues that a U.S. carbon tax is economically detrimental, methodologically flawed, and practically ineffective, as shown by the experiences of Australia and British Columbia. It challenges the effectiveness of carbon taxes in reducing emissions and stimulating economic growth, and questions the social cost of carbon calculations.

(Generated with the help of GPT-4)

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