Taxing Carbon: What, Why, and How

27 Pages Posted: 1 Jul 2015

See all articles by Donald B. Marron

Donald B. Marron

The Urban Institute

Eric J. Toder

Urban Institute

Lydia Austin

The Urban Institute

Date Written: June 25, 2015

Abstract

The case for a carbon tax is strong. A well-designed tax could efficiently reduce the emissions that cause climate change and encourage innovation in cleaner technologies. The resulting revenue could finance tax reductions, spending priorities, or deficit reduction — policies that could offset the tax’s distributional and economic burdens, improve the environment, or otherwise improve Americans’ well-being. But moving a carbon tax from the whiteboard to reality is challenging. To help policymakers, analysts, and the public address those challenges, this report examines the what, why, and how of implementing a carbon tax and using the revenue it would generate.

Keywords: Carbon Tax, Climate Change, Global Warming, Tax Reform

JEL Classification: H23, H60

Suggested Citation

Marron, Donald B. and Toder, Eric J. and Austin, Lydia, Taxing Carbon: What, Why, and How (June 25, 2015). Available at SSRN: https://ssrn.com/abstract=2625084 or http://dx.doi.org/10.2139/ssrn.2625084

Donald B. Marron (Contact Author)

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

Eric J. Toder

Urban Institute ( email )

Urban Institute
2100 M Street NW
Washington, DC 20037
United States
2022615577 (Phone)

Lydia Austin

The Urban Institute ( email )

2100 M Street, NW
Washington, DC 20037
United States

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