carbon tax

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carbon tax

a tax on the emissions caused by the burning of coal, gas, and oil, aimed at reducing the production of greenhouse gases
References in periodicals archive ?
Earlier this year, President Donald Trump issued an executive order disbanding an important interagency working group charged with formulating the social cost of carbon and withdrew the guidance it had issued.
Particularly sharp revisions have occurred for global output, damages, and the social cost of carbon.
Interagency Working Group, 2010: Technical support document: Social cost of carbon for regulatory impact analysis--Under Executive Order 12866.
ii)   Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis (May 2013);
The social cost of carbon is meant to capture the economic damage of a ton of carbon emissions.
30) For example, when the interagency effort to quantify the social cost of carbon was initiated, the working group was able to rely on substantial in-house expertise at EPA on the relevant economic models of climate change.
And arguments in defense of the social cost of carbon are now commonplace among several environmental organizations.
In addition to the harm A-4 creates directly by pushing regulations toward less stringency for irrational reasons, A-4 has also provided grounds for legislators, (142) academics, (143) interest groups, (144) and think tank analysts (145) to criticize the administration's estimated social cost of carbon (SCC) (the monetized value of a marginal metric ton of carbon pollution avoided).
Deschenes and Greenstone, 2012) The current estimate for the social cost of carbon is useful for policy-making.
OMB to Take Comments on New Social Cost of Carbon Calculation
To put a dollar amount on these damages, various organizations have created a social cost of carbon model (SCC).
Readers, bogged down in the dense discussion of the social cost of carbon, may not understand the text of his article but get the idea carbon taxes are dangerous.