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Climate Change and Gas Prices

Posted on October 06, 2008

Is it good news or bad news that a carbon tax sufficient to reduce emissions by 10% won't have much impact on gas prices or miles driven?:Climate change and gas prices: Less impact than you might think, CBO: CBO released a brief today on climate-change policy and CO2 emissions from passenger vehicles (for thePDF, click here). Discussions about addressing climate change (e.g., through a cap-and-trade program or a carbon tax) often focus on the transportation sector. The brief argues, however, that most of the reduction in CO2 emissions would occur in other sectors (e.g., the electricity sector)...

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carbon , carbon tax , climate change , co2 , economy , emissions , gas prices , legislation