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
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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.