It is difficult to identify another policy tool that has been either more celebrated or dismissed in recent decades as carbon pricing. Long heralded by advocates as a silver bullet to confront climate change, it has increasingly been panned by critics as a political non-starter that distracts from serious climate mitigation. This paper reviews the last half-decade of global climate policy and carbon pricing experience. It examines significant political challenges to pricing adoption in nations including the United States. However, it also demonstrates that carbon pricing can play an increasingly significant role in supporting decarbonization in such cases as the European Union, the United Kingdom, and Canada, part of an ensemble of policies rather than a solo act. Such cases may expand in coming years through stronger links between pricing and trade policy, continued shifting of pricing revenues toward green investment programs, and extension of pricing to short-lived climate
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The economics of fossil fuelsHR 17 is a resolution against a carbon tax on fuels. It misrepresents the content of most of the proposed carbon tax bills, in that it ignores the cash-back dividends to individuals and the Border Carbon Adjustments,.
On Jan. 20, in a hearing about HR 17 by the NH House State-Federal Relations and Veterans Affairs committee, a travesty of scientific ignorance unfolded. HR 17 is a misguided resolution against carbon pricing sponsored by four members of the House.