When it comes to action on climate change, few groups have less in common than the oil industry and climate activists. Writing in The Hill, CGEP Scholar Noah Kaufman argues that both groups, however, may find something to like in the same kind of climate policy: a carbon tax
CGEP Scholar Dr. Noah Kaufman, in partnership with colleagues at the Rhodium Group and Rice University, analyzes carbon tax legislation proposed by Congressman Carlos Curbelo, the first federal carbon pricing proposal from a congressional Republican in nearly a decade.
This report summarizes collaborations between CGEP and three organizations: Rhodium Group, the Urban-Brookings Tax Policy Center (TPC), and Rice University’s Baker Institute for Public Policy. Using state-of-the-art modeling tools, we provide an up-to-date (e.g., inclusive of 2017 federal tax reform) view of likely outcomes if a federal carbon tax is implemented in the United States, over what we assume to be the first decade of policy implementation (the 2020s).