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Five Myths About Carbon Pricing

Five Myths About Carbon Pricing

Full Title: Five Myths About Carbon Pricing
Author(s): Gilbert E. Metcalf
Publisher(s): MIT Center for Energy and Environmental Policy Research
Publication Date: November 10, 2022
Full Text: Download Resource
Description (excerpt):

While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy makers and the public. In this paper Gilbert E. Metcalf considers and refutes five myths about carbon taxes: 1) that a carbon price will hurt economic growth; 2) that carbon pricing will kill jobs; 3) that a carbon tax and cap and trade program have the same economic impacts; 4) that we can’t achieve carbon reduction targets with a carbon tax; and 5) that carbon pricing is regressive. He then discusses implications for policy making.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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