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The world has committed to transitioning away from fossil fuels to avoid the most severe threats of climate change.[1] Communities across the United States rely on fossil fuel...
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Rising electricity demand. Heightened geopolitical tension. Fragility in energy markets. These are some of the big stories shaping the energy transition outlined in the International Energy Agency’s newest...
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Gender disparities in entrepreneurship are stark. Only one in every three businesses is owned by a woman.
Reports by Noah Kaufman • July 17, 2018
Climate change is a serious threat to global progress and stability. Actions to reduce greenhouse gas (GHG) emissions and stabilize global temperatures can avoid impacts of climate change on human health, the economy, national security, and the environment. But without a strong federal-level climate policy response from the United States, chances of serious global climate action are slim.
The next time the US Congress seriously considers climate legislation, a federal carbon tax is likely to be at the center of that discussion. When that time comes, policy makers will need to understand the range of important decisions associated with the design of carbon tax policy and the implications of these decisions on the US energy system, environment, and economy. Columbia University’s SIPA Center on Global Energy Policy (CGEP) launched the Carbon Tax Research Initiative to provide rigorous, comprehensive, and objective analyses of just these questions.
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 (collectively referred to as “we” throughout this report). 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).
This paper summarizes findings in five key areas:
1. Energy market outcomes, with modeling from the Rhodium Group
2. Government revenues, with modeling from all three partners
3. Macroeconomic outcomes, with modeling from the Baker Institute [see here for the full report]
4. Effects across the income distribution, with modeling from TPC and the Baker Institute
5. Emissions impacts, with modeling from the Rhodium Group
We also provide guidance for interpreting the findings in light of model limitations, similar studies, and other relevant factors. Considerable additional details on modeling assumptions and results are available in three detailed reports available here.
The mining sector continues to face headwinds in attracting the necessary investments to meet the growing demand for critical minerals in clean energy technologies.
The Gulf Renewable Power Tracker is an interactive and visual database of Gulf state-owned and state-related renewable power investments and developments on a global scale.
November’s election for president of the United States will have crucial implications for the nation’s and world’s energy and climate policies.
Full report
Reports by Noah Kaufman • July 17, 2018