Carbon Taxes

1.   What action has Exxon taken to promote a carbon tax?

Exxon put up one million dollars for lobbying for it.

2.  How does this article define a carbon tax?

A carbon tax is a per ton tax on the carbon dioxide emissions embedded in fuels or other products.

3.  What would be the predicted impact of a $50 per ton carbon tax?

Emissions would fall to 39 to 46 percent below the 2005 levels by 2025.
4.  How expensive would the tax need to be to reduce emissions by 80%?

Higher than $100/ton
5.  Which industry would be most impacted by the implementation of a carbon tax?

Coal

6. How would the carbon tax impact the transportation industry?

Barely at all
7. Why is the carbon tax likely to be a regressive tax?

It hits the poor harder than the rich because the poor spend a larger percentage of their income on energy services.