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.
(Generated with the help of GPT-4)
| 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)
Additional Viewpoints
Categories: 2016 publication year | 2050 time horizon | 2050s time horizon | Australia geographic scope | British Columbia geographic scope | English publication language | United States geographic scope | carbon tax | climate change | economic impact | emissions reduction | environmental regulation | policy analysis | real-world implementation | revenue-neutral tax | social cost of carbon | tax interaction effect | tax policy | united states geographic scope