This report develops a framework to consider the interactions between a federal carbon tax and salient energy and emissions policies. The paper provides policymakers information about how they might want to add, subtract, or change existing policies by using the framework to classify existing policies are either complementary or redundant to a federal carbon tax.
CGEP Director Jason Bordoff and CGEP Scholar Dr. Noah Kaufman describe the major design decisions associated with a federal carbon tax and their implications on US energy markets, emissions, and the economy.
CGEP Scholar Dr. Noah Kaufman compares the major design elements of the proposed Energy Innovation and Carbon Dividend Act to three other prominent proposals of 2018. He also examines the policy’s likely impacts on emissions, energy markets and the economy using analyses of other federal carbon tax scenarios.