US carbon price would have “relatively modest” effect on emissions -govt study

Published 17:13 on December 15, 2021  /  Last updated at 03:06 on December 16, 2021  /  Americas, Carbon Taxes, US  /  No Comments

The imposition of a federal CO2 tax or cap-and-trade programme would significantly drive GHG abatement from electric power, but overall mitigation would lag due to lower price sensitives in other sectors, according a government study published Tuesday as lawmakers struggle to pass legislation that features far less explicit climate action.

The imposition of a federal CO2 tax or cap-and-trade programme would significantly drive GHG abatement from electric power, but overall mitigation would lag due to lower price sensitives in other sectors, according a government study published Tuesday as lawmakers struggle to pass legislation that features far less explicit climate action.

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