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 reductions than transportation, but not nearly as amenable as electricity
7. Why is the carbon tax likely to be a regressive tax?
It hits the poor harder than the rich because the poor spend a larger percentage of their income on energy services.

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