While the Green New Deal is currently driving the discussion about climate change, policymakers have been examining a range of regulatory and market-based approaches to reduce greenhouse gases.
The Congressional resolution proposed by U.S. Rep. Alexandria Ocasio-Cortez and Sen. Ed Markey is aspirational and refers to a variety of government action. At the same time, the market-based option of a carbon tax is still on the table – and may not be necessarily mutually exclusive to other strategies.
Alliance for Market Solutions, a conservative non-profit organization advocating for market-oriented clean energy and environmental policies, commissioned FTI Consulting to simulate a national revenue-neutral carbon tax and to estimate the resulting economic, fiscal, and emission impacts on a state-by-state basis.
For the analysis, the report’s authors, Scott Nystrom, Katie O’Hare, and Ken Ditzel, applied this tax at the point of extraction or import, and modeled the implications of raising the cost of fossil fuels on the national, state, and industry levels.
REMI is holding public policy seminars across the country, which will include presentations on “The Green New Deal.” Please visit our event page for more information.