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Environmental News Network - Want to Cut Emissions That Cause Climate Change? Tax Carbon
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Want to cut emissions that cause climate change? Tax carbon
Carbon taxes are cheaper, more efficient than other policies, study finds
The case study, published recently in the journal
Current Sustainable/Renewable Energy Reports, analyzed the costs and effects that a variety of policy changes would have on reducing carbon dioxide emissions from electricity generation in Texas and found that adding a price, based on the cost of climate change, to carbon was the most effective.
“If the goal is reducing carbon dioxide in the atmosphere, what we found is that putting a price on carbon and then letting suppliers and consumers make their production and consumption choices accordingly is much more effective than other policies,” said Ramteen Sioshansi, senior author of the study and an integrated systems engineering professor at The Ohio State University.