The REMI PI+ model in collaboration with the Carbon Tax Analysis model investigated the economic, emissions, environmental, and demographics issues inherent within a carbon fee policy. Vermont was found to experience a net increase in employment based on its scarce amounts of fossil fuel extraction and refining. If they were to lessen their dependency on imported oil, they stand to keep more Vermont dollars in the state, create more jobs, and grow all aspects of Vermont’s economy. The only negatives associated with this policy are the impacts to the fossil fuel transportation industry as a result of decreased consumption.
REMI – The Economic, Fiscal, Emissions, and Demographic Implications from a Carbon Price Policy in VT [full PDF]