ABSTRACT

Attaching a Price to Greenhouse Gas Emissions with a Carbon Tax or Emissions Fee: Considerations and Potential Impacts [March 22, 2019]   [open pdf - 1MB]

From the Document: "The U.S. Fourth National Climate Assessment, released in 2018, concluded that 'the impacts of global climate change are already being felt in the United States and are projected to intensify in the future--but the severity of future impacts will depend largely on actions taken to reduce greenhouse gas [GHG] emissions and to adapt to the changes that will occur.' Members of Congress and stakeholders articulate a wide range of perspectives over what to do, if anything, about GHG emissions, future climate change, and related impacts. If Congress were to consider establishing a program to reduce GHG emissions, one option would be to attach a price to GHG emissions with a carbon tax or GHG emissions fee. In the 115th Congress, Members introduced nine bills to establish a carbon tax or emissions fee program. However, many Members have expressed their opposition to such an approach. In particular, in the 115th Congress, the House passed a resolution 'expressing the sense of Congress that a carbon tax would be detrimental to the United States economy.'"

Report Number:
CRS Report for Congress, R45625
Author:
Publisher:
Date:
2019-03-22
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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