Carbon Tax
1. What action has Exxon taken to promote a carbon tax? Now, ExxonMobil has announced it’s endorsing the CLC proposal and is putting up $1 million to lobby for it. 2. How does this article define a carbon tax? a per-ton tax on the carbon dioxide emissions embedded in fuels or other products. 3. What would be the predicted impact of a $50 per ton carbon tax? The $50 tax served as the central case. 4. How expensive would the tax need to be to reduce emissions by 80%? The tax would ultimately cover more than 80 percent of the economy’s total greenhouse gas emissions. 5. Which industry would be most impacted by the implementation of a carbon tax? that modelers get a little more adventurous in this respect. Of all the reasons to make a carbon tax revenue-neutral, “difficulty modeling anything else” is among the worst. 6. How would the carbon tax impact the transportation industry? Those sectors are somewhat more amenable to price-driven carbon r...