C3 Solutions analyzes the downsides of a carbon tax in its Carbon Tax 101 policy paper.
- A carbon tax is costly, regressive, and provides negligible environmental benefits.
- Private sector innovation has led to rapid emissions decreases in the United States.
- With free markets, streamlined regulations, and effective tax policies, the private sector can create jobs, grow the economy and deploy cleaner, more efficient technology in the U.S. and around the world.
“Often floated as the most efficient way to lower our carbon emissions, a carbon tax is a textbook example of blackboard economics: it may make sense in the classroom, but falls apart in the real world. Imposed unilaterally, the tax would harm American households, businesses and the economy at large while providing very minimal climate benefits.”
Read the full policy paper here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
