Opinion: A Carbon Tax Could Bolster Wobbly Progress in Renewable Energy (New York Times)
If a carbon tax were to be imposed next year, starting at $25 and rising by 5 percent a year, the U.S. Energy Information Administration estimates, carbon dioxide emissions from American power plants would fall to only 419 million tons by 2040, about one-fifth of where they are today. Total carbon dioxide emissions from energy in the United States would fall to 3.6 billion tons — 1.8 billion tons less than today.
By providing a monetary incentive, economists say, such a tax would offer by far the most effective way to encourage business and individuals to reduce their use of fossil fuels and invest in alternatives.
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