Putting a price on carbon, in the form of a tax or fee, is gaining attention from national and state policymakers and economists across the political spectrum.
Putting a price on carbon, in the form of a tax or fee, is gaining attention from national and state policymakers and economists across the political spectrum. They see it as a highly effective, market based approach to address carbon pollution and climate change. A national carbon fee would set a price on carbon as it enters the economy- at the wellhead, coalmine or refinery. The increase in energy costs would promote increased energy efficiency as well as less carbon-intensive energy sources. Proposals for the revenue produced include, but are not limited to, a dividend check to every American, reductions in business or personal income taxes and/or investing in infrastructure improvements.
Our two panels, involving economists and business leaders, will delve into such questions as:
• How would a carbon tax practically work?
• What impact would a carbon tax have on energy prices and a loaf of bread in New Hampshire?
• How might a tax influence a company’s ability to compete with foreign businesses?
• How would the proposed EPA Clean Power Plan or the RGGI cap-and-trade system be affected?
• How might the revenue generated by a price on carbon be used; estimated at $150 billion annually?
• What are the political realities of enacting a national carbon tax?
• Is there a case for New Hampshire to adopt its own carbon tax in lieu of federal action?