Sentences with phrase «impact of the carbon tax»

Also, a full land value tax would offset the property value impact of a carbon tax.

By reducing these distortions, the negative economic impacts of the carbon tax are partially or fully offset.

What is the likely impact of the carbon tax on the amount of emissions produced by these companies?

The regressive impact of carbon taxes could be addressed by using tax revenues to favour low - income groups.

And with so much focus on the potential impact of the carbon tax on the household budget, it is almost easy to forget that it is supposed to help to reduce Australia's impact on the environment.

The potential job - producing impacts of a carbon tax covering shipping should interest those building «blue - green» alliances and clearly deserves further study.

Based on a literature review of seven studies analyzing the GHG impacts of the carbon tax, they determined that «the effect of the tax was to reduce fuel consumption and GHG emissions 5 — 15 % in British Columbia.»

For example, this poll is a bit old (from 2009), but it shows that ``... 58 % support a tax on carbon emissions to create incentives to reduce emissions and increase efficiency, and that provides tax refunds to individuals and households to offset the overall impact of the carbon tax....»

I - 732 offset the impact of the carbon tax on low - income households in the simplest way of the three approaches.

Heritage Foundation analysts David Kreutzer and Kevin Dayaratna yesterday released a study on the economic impact of carbon tax legislation (the Climate Security Act of 2013) sponsored by Sens. Barbara Boxer (D - Calif.)

Heritage Foundation economists David Kreutzer and Nicolas Loris have posted an assessment of the economic impacts of a carbon tax that starts out at $ 25 per ton and increases by 5 % annually (after adjusting for inflation).

RFF experts answer frequently asked questions about the design elements and potential economic impacts of a carbon tax policy.

Reducing the sales tax, in combination with the WFTR, would more than offset the otherwise regressive pocketbook impact of the carbon tax on the lowest - income quintile.

Babiker, M., L., P. Criqui, A.D. Ellerman, J. Reilly and L. Viguier, 2003: Assessing the impact of carbon tax differentiation in the European Union.

Andrew Bolt (no link) has repeated the lie that I drastically overestimated the impact of a carbon tax on global warming.

You can download an app that let's you calculate the cost impact of a carbon tax on your electricity bill.

Impacts of carbon taxes on poor families can be lessened by: 1) progressive tax - shifting as just described; 2) pro-rata distribution of the carbon tax revenues to every U.S. resident (also described above); and / or 3) to the extent necessary, funding programs designed to help poorer households use less energy driving and at home.

Shifting the tax burden to pollution and pollution - generating activities will create powerful incentives to use less energy and emit less CO2 into the atmosphere while simultaneously promoting tax equity and minimizing the impact of the carbon tax on those with lower incomes.

Examining BC's Carbon Tax Act (2008), we identified two groups who may be particularly vulnerable to the impacts of the carbon tax: low - income individuals, and people living in rural areas.

Not exact matches

Conservative finance critic Pierre Poilievre called the PBO's findings «damaging» for the government, citing the impact of larger deficits, higher debt payments and a carbon tax that he says will erase at least $ 10 billion per year from the national economy by 2022.

Impact on oil and gas production: compared to a carbon tax, Alberta's policy offers emitters less of an incentive to reduce production in order to cut GHGs, notes Leach: «assuming that the facility reduced production by 10 percent, and that emissions decreased proportionately (a simplifying assumption), the facility's emissions intensity would not change, so its carbon liability per barrel of oil produced would also remain constant.»

The initiative follows on he heels of another report by Oxford academics, which last year found that levying a tax on animal products — pricing them to reflect more accurately their harmful impact — could reduce meat eating to the extent that 1 billion tonnes of carbon a year would be saved... and 500,000 lives.

They would also do something to help Australia meet its target of cutting carbon dioxide emissions, as most would have more impact than the small carbon tax which has been proposed.

His comments yesterday are more accommodating of the impacts of greenhouse gases from cars, power plants and buildings, but they don't show an urgency to address the risks of rising temperatures, said Alex Bozmoski, director of strategy and operations at republicEn, a conservative group that supports taxing carbon.

The portion of carbon tax paid by corporations would impact their shareholders, which again indirectly impacts upper - income taxpayers disproportionately.

However, if some (or many) of these efforts have some smoke - and - mirror aspect to them, or if they become the seemingly easy «solution du jour» and allow us to think that we can avoid larger solutions (fuel efficiency standards; carbon tax, or firm carbon cap combined with a robust and regulated carbon credit trading mechanism; substantial investments in new energy technologies; energy conservation; etc.), their net impact can be more damaging than beneficial.

Nor will the imposition of a direct or indirect carbon tax (no tax ever impacted our planet's climate and it is foolhardy to think that this one would be any different).

«Niskanen has always been of the mind that revenue neutrality is really important, because a carbon tax will have significant economic impacts that people are going to feel,» he told me.

Tax approximate CO2 emissions from final combustion of biofuels and biomass based strictly on product type without attempting to account for carbon sequestered during growth cycles or emitted during harvesting, distillation or other chemical processing or land - use impacts.

While the macroeconomic impacts of a regulatory scheme or a carbon tax should be broadly comparable, economists generally agree that in practice a carbon tax induces desired responses more efficiently than regulations.

To negate the analytical impacts of a tax's income transfer, 100 percent of carbon - tax revenue is returned to taxpayers.

Because these types of distortions impose societal costs beyond those of a simple carbon tax, the economic impacts modeled here will, if anything, be lower than would actually occur in a regulatory scheme.

In order to estimate the impact on the economy of the Clean Power Plan's regulatory scheme, based on an estimated SCC of $ 37 per ton, we have modeled the impact of an equivalent tax of $ 37 per ton carbon emissions [14] instituted in 2015 and increasing according to the EPA's annual estimates of the social cost of carbon.

Directly offsetting the tax regressivity impacts of the carbon price is not part of any of these proposals but would be an implementation option under both the Governor's and Ranker's bills.

Sections 243.1 - 243.4 of Article 243 of the Code, specifically: rate of the tax due on emissions of certain pollutants into the atmospheric air, caused by stationary sources of pollution; rates of the tax due on stationary sources» emissions into the atmospheric air of pollutants (compounds), which are not listed in Section 243.1 of this Article and are falling within a certain substance hazard category (except for carbon dioxide), shall be applicable subject to determined approximately safe impact levels of such substances» (compounds») impact on the atmospheric air of urban settlements; and rates of tax due on emissions of carbon dioxide

If they don't enact a stiff tax on carbon in 2021; and if they don't start using the full legal authority of the Clean Air Act to regulate all sources of carbon emissions — implementing what is in effect a carbon fuel rationing scheme — then they can be rightly accused of being totally dishonest and hypocritical in claiming to be concerned about the impacts of climate change.

$ 400 / ton carbon tax needed to curb aviation emissions $ 400 / ton carbon tax needed to curb aviation emissions mongabay.com September 4, 2007 European Union proposals to reduce the climate impact of aviation...

The gap of 0.2 ppts should represent the bulk of the carbon tax impact on consumer prices.

Heritage Foundation research has found that any sort of carbon tax, cap and trade, or other combination of carbon regulations such as the regulations on new power plants and existing ones (the Clean Power Plan) will only kill jobs and cut income, all without having any meaningful impact on global temperatures, now or in the future.

The board provides recommendations to the Governor, JCCPO, and the legislature regarding the implementation and impact of the act with a focus on the carbon tax impacts and avoiding inequitable effects on citizens and energy intensive trade exposed businesses.

While the Ministry of Finance is expected to support the 10 yuan per tonne scheme, others — including policy makers in the Ministry of Commerce — still worry about the impact a carbon tax will have on Chinese economic growth.

Looking forward, things to watch include: the impact of economic recovery on commodity prices and agricultural expansion for food and biofuels production; large - scale land acquisition by foreign nations and corporations in tropical countries; climate negotiations and the REDD mechanism, including controversies over land rights, «offsetting», forest definitions, and sustainable forest management; the emergence of payments for ecosystem services beyond REDD; the cap - and - trade versus carbon tax schemes; efforts to address the demand side of deforestation — notably consumption; emerging certification systems for agricultural and forestry products (i.e. RSPO, Aliança da Terra, FSC, etc); and Brazil's progress in meeting its deforestation reduction targets.

If, on the other hand, the tax provides «carbon dividends» to offset the impact of higher energy prices on poor households, it will create a new class of welfare dependents.

The difference between Professor Nordhaus's optimal carbon tax policy and a fifty - year delay policy is insignificant economically or climatologically in view of major uncertainties in (1) future economic growth (including reductions in carbon emissions intensity); (2) the physical science (e.g., the climate sensitivity); (3) future positive and negative environmental impacts (e.g., the economic «damage function»); (4) the evaluation of long - term economic costs and benefits (e.g., the discount rate); and (5) the international political process (e.g., the impact of less than full participation).

These equity concerns include: the regressive impact of potential energy price increases on low - income households; the potential for carbon pricing policies to allow some fossil fuel - fired power plants or refineries to continue to operate and emit air and water pollutants in neighborhoods already burdened by pollution; and the economic hardship to workers and communities dependent on fossil fuel industries for livelihoods or for their tax base as we transition away from these resources.

A robust carbon cap or tax should put the economy on a trajectory toward the science - based deep cuts in emissions required to limit some of the worst impacts of climate change.

Originally projected to take two years, the project targets mechanisms of the U.S. tax code in terms of its impact of its most critical provisions on carbon emissions and other greenhouse gases — a massive and complex campaign in environmental and economic modeling.

There is one, and only one, reason for instituting a carbon tax: to attempt to mitigate the impacts of climate change induced by humankind's use of fossil fuels for the production of energy.

In «Make a carbon tax part of reform effort» (Concord Monitor, 9/19/11), Holtz - Eakin argues for comprehensive tax reform to include a carbon tax so that more of the «true cost of burning a fossil fuel... in the form of air pollution, a negative impact on human health, harm to the environment or climate change [is a] component in economic decisions [such as] include whether to invest in a coal - fired power plant or a wind farm.»

In the second study, researchers from RFF and Stanford University use a general equilibrium model of the US economy with a high degree of corporate and personal income tax detail to consider the impacts of several revenue - neutral carbon tax policies, including lump - sum recycling to households, recycling via cuts in individual labor and capital income tax rates, recycling via cuts in corporate tax rates, and more.