Carbon Tax

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A proposed tax that would be levied against high consumers of heating oil, gasoline, electricity, etc., in an effort to reduce the emission of greenhouse gases
References in periodicals archive ?
The Senators asked the GAO to look at states and other countries social costs of carbon; the Trump administrations justification for dramatically changing the way it discounts the costs or benefits of regulation change affecting carbon pollution; and the rationales that have been used to support various discount rates in assessing the social cost of carbon.
Nordhaus, "Revisiting the Social Cost of Carbon," Proceedings of the National Academy of Sciences, 114(7), 2017, pp.
2015: Technical support document: Technical update of the social cost of carbon for regulatory impact analysis--Under Executive Order 12866.
iii)  Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis (November 2013);
First established by the Barack Obama administration in 2010, the central value for the social cost of carbon, last updated in 2015, is now $36.
Interagency Working Group on Social Cost of Carbon, Technical Support Document--Social Cost of Carbon for Regulatory Impact Analysis--Under Executive Order 12866 (2010), available at http://www.
And the appropriately robust valuations of statistical life and the social cost of carbon help make environmental groups comfortable with the methodology.
Notwithstanding any other provision of law or any executive order, the Administrator of the Environmental Protection Agency may not use the social cost of carbon in order to incorporate social benefits of reducing carbon dioxide emissions, or for any other reason, in any cost-benefit analysis relating to an energy-related rule that is estimated to cost more than $1 billion unless and until a Federal law is enacted authorizing such use.
Burning carbon has an external cost--the social cost of carbon (SCC), producing CO2 and other greenhouse gases (GHGs) that accumulate in the atmosphere, and resulting in unwanted climate change.
The Social Cost of Carbon is a calculation developed by an Interagency Working Group (IWG) comprised of several federal agencies to measure the social benefits of regulations that lower carbon emissions.
64) The government's experience with the social cost of carbon is potentially illustrative.
The strategy outlined in the white paper is to direct investment into low carbon sources of electricity generation, by providing long-term contracts designed to offset the higher fixed costs of new low carbon power plants, and introducing a carbon price floor to take into account the social cost of carbon.