Keyword: carbon emissions

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Europe

The European Green Deal

This week’s IGM European Economic Experts Panel statements: A) The European Union goal of reaching net zero emissions of greenhouse gases by 2050 will be a major drag on economic growth. B) Carbon taxes are a better way to implement climate policy than cap-and-trade. C) A carbon border tax targeting imports from non-EU countries with less strict climate policies is likely to harm developing economies.
US

Climate Change Policies

This week's IGM Economic Experts Panel statements: A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm. B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
Europe

Energy Sources

This week's IGM European Economic Experts Panel statements: A)  Subsidizing renewable energy sources is better than taxing fossil fuels, assuming the subsidy or tax would be set at levels that would reduce carbon emissions by an equivalent amount. B)  Germany’s solar-energy subsidies to date have produced net social benefits for Germany. C)  Solar-energy subsidies to date in Germany and other countries have produced net social benefits for the world.
US

Carbon Taxes II

This week’s IGM Economic Experts Panel statement: The Brookings Institution recently described a US carbon tax of $20 per ton, increasing at 4% per year, which would raise an estimated $150 billion per year in federal revenues over the next decade. Given the negative externalities created by carbon dioxide emissions, a federal carbon tax at this rate would involve fewer harmful net distortions to the US economy than a tax increase that generated the same revenue by raising marginal tax rates on labor income across the board.
US

Ethanol

This week’s IGM Economic Experts Panel statements: A: Ethanol content requirements and protectionism against imported ethanol (which includes fuel from sugarcane) raise food prices without significantly reducing carbon-dioxide emissions. B: A direct disincentive to emit carbon-dioxide, for example through a carbon tax or an emissions permit market, is more efficient than requiring the use of corn-based ethanol fuels.
US

Carbon Tax

This week's IGM Economic Experts Panel poll statement: A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such as “corporate average fuel economy” requirements for automobiles.