Surge of Carbon Pricing Proposals Coming in the New Year
“We fully intend to introduce a carbon tax and an investment strategy,” said Senator Reuven Carlyle, who became chairman of the energy committee following the November election, in an interview with MIT Technology Review. He hasn’t specified an intended fee yet, but said he’d like to see the tax revenue dedicated to renewable energy sources, grid modernization, transportation electrification, and climate mitigation for low-income communities, among other areas.
Washington is just one of a growing number of states poised to introduce or advance new, stricter, or more expansive carbon fees or cap-and-trade programs in upcoming legislative sessions. Collectively, the measures could help to cut U.S. emissions by at least hundreds of millions of tons in the next decade, and provide critical counterpressure on the Trump administration’s efforts to unravel climate efforts like the Paris accords and Clean Power Plan (see “Exiting Paris, Trump Cedes Global Leadership on Climate Change”).
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