ABSTRACT

Brief Comparison of Two Climate Change Mitigation Approaches: Cap-and-Trade and Carbon Tax (Or Fee) [February 12, 2019]   [open pdf - 402KB]

From the Document: "Almost all climate scientists agree that greenhouse gas (GHG) emission increases have contributed to observed climate change and that continued increases in GHG emissions will contribute to future climate change. Although a variety of efforts seeking to reduce GHG emissions are currently underway on the international level and in individual states or regional partnerships, federal policymakers and stakeholders have different viewpoints over what to do--if anything--about GHG emissions, future climate change, and related impacts. For policymakers considering actions to reduce GHG emissions, various policy instruments are available. Over the last 15 years, many legislative proposals have involved market-based approaches, such as a GHG emissions cap-and-trade system or a carbon tax. These particular approaches may be considered in the 116th Congress and are discussed below. The information below provides an overview of two approaches while briefly addressing their similarities and differences."

Report Number:
CRS In Focus, IF11103
Author:
Publisher:
Date:
2019-02-12
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations