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Study: Carbon taxes would boost jobs across the U.S.

by Mark Fischetti and Amanda Montañez, Scientific American


Highlights:

Marilyn A. Brown and Majid Ahmadi of the Georgia Institute of Technology modeled a $25 and $60 tax on each metric ton of carbon dioxide emitted by the U.S. energy system. The $25 tax resulted in more jobs, but substantially less emissions reductions (see charts below).

  • Brown and Ahmadi measured the carbon tax as explained in the federal Green New Deal bill
  • Both taxes increased the price of using fossil fuels which should encourage faster adaptation of renewable energy and energy efficiency measures
  • A $25 carbon tax would result in 72 million job-years (full-time employment for one full year) 
  • By 2050, over 4 million job-years will be in the energy efficiency sector under the $25 carbon tax

The Climate Center focuses on getting a price on carbon that reflects the actual cost of fossil fuels to our economy and environment and includes climate dividends.


Read more: https://www.scientificamerican.com/article/carbon-taxes-would-boost-jobs-across-the-u-s/

 

 

British carbon tax leads to 93% drop in coal-fired electricity

by University College London, Phys.org


Highlights:

The carbon tax legislation, known as the Carbon Price Support, has resulted in a 93% decrease of electricity generated by coal in the UK.

  • The tax was introduced in 2013 but the energy sector saw a vast decrease in coal dependency once the tax was increased in 2015
  • Coal generation was replaced with other emitters like gas and resulted in electricity imports from neighboring countries
  • Great Britain hopes to be a positive influence to it’s European neighbors by showing how beneficial a carbon tax can be for the environment and economy

The Climate Center focuses on getting a price on carbon that reflects the actual cost of fossil fuel to our economy and environment, and includes climate dividends.


Read More: https://phys.org/news/2020-01-british-carbon-tax-coal-fired-electricity.html