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Many Latin American countries have had a long and close energy trade relationship with the United States. However, some of the Trump administration’s executive orders (EOs) have the...
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Director at Rhodium Group
As the United States commits to accelerating decarbonization as part of global efforts to combat climate change, the policies it enacts will govern its chances of success.
Two linked and frequently raised concerns about putting a price on carbon dioxide emissions in the United States are whether such a tax would unintentionally advantage foreign competitors and, as a result, lead to increased emissions outside American borders.
Putting a price on carbon dioxide (CO2) emissions can help governments reduce them rapidly and in a cost-effective manner.
Growing public concern about the social, economic, and environmental impacts of climate change, along with pressure for lawmakers to introduce policy proposals that reduce emissions, have brought carbon taxes to the center of policy discussions on Capitol Hill. Thus far in 2019, seven different carbon tax legislative proposals have been introduced in Congress.
In July 2018 Representative Carlos Curbelo proposed legislation that would put a price on US carbon dioxide emissions (“Curbelo proposal”).
A price on carbon dioxide (CO2) and other greenhouse gas (GHG) emissions has long been a preferred instrument among economists and other academics for addressing the threat of climate change.
While there seem to be no immediate prospects for a national carbon tax in the US, there is growing interest among some policymakers and thought leaders across the political spectrum.
