Carbon Tax More Efficient Than Cap-And-Trade: Study

Law360, New York (February 19, 2008, 12:00 AM EST) -- Instituting a carbon dioxide tax is a more efficient way of controlling carbon dioxide emissions than cap-and-trade approaches, according to a new report from the U.S. Congressional Budget Office.

Taxing carbon emissions is the “most efficient incentive-based option for reducing emissions and could be relatively easy to implement,” the study said.

A tax would mean charging a fee for each ton for carbon dioxide emitted or for each ton of carbon contained in fossil fuels, the report said, setting an upper limit on the cost of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.