Comparing the Clean Air Act and a Carbon Price

Over the last half-decade, a variety of federal legislative proposals for limiting greenhouse gas (GHG) emissions have been put forward, most of which would set a price on carbon. As of early 2013, the one politically plausible policy appears to be a carbon tax, passed as part of a larger fiscal ref...

Full description

Saved in:
Bibliographic Details
Published in:Environmental law reporter 2014-06, Vol.44 (6)
Main Authors: Richardson, Nathan, Fraas, Arthur G
Format: Article
Language:English
Subjects:
Air pollution
Authority
Emissions trading
Environmental law
Fiscal policy
Fossil fuels
Law
Legislation
Prices
Taxation
United States Environmental protection agency
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Over the last half-decade, a variety of federal legislative proposals for limiting greenhouse gas (GHG) emissions have been put forward, most of which would set a price on carbon. As of early 2013, the one politically plausible policy appears to be a carbon tax, passed as part of a larger fiscal reform package. Meanwhile, the U.S. Environmental Protection Agency has begun regulating GHG emissions from a variety of sources using its authority under the Clean Air Act. It may be necessary to choose between these two policies, however. The Waxman-Markey cap-and-trade bill that failed in 2009 would have preempted much of this authority, and it appears likely that a carbon tax law would do the same. But how can one make this choice? Adapted from source document.
ISSN:0046-2284