June 09, 2014

The Economic, Climate, Fiscal, Power, and Demographic Impact of a National Fee-and-Dividend Carbon Tax

The REMI PI+ model was used in tandem with the CAT and ReEDS models to fully encapsulate the impact of a national carbon tax in terms of economic, climate/emissions, electrical power, federal fiscal, and demographic implications. There was a considerable increase in jobs, GDP, income, prices, emission reduction, revenues, electrical capacity and generation, overall population, migration, and premature death avoidance (2.1 million more jobs under the FA carbon tax than in the baseline, 33% reduction in carbon dioxide emissions from baseline conditions, 13,000 premature deaths saved from improvements in air quality).

Synapse, REMI – National Fee-and-Dividend Carbon Tax [full PDF]