Momentum Behind Carbon Tax Policies Increasing

A new paper at the Network for Sustainable Financial Markets, CO2 Tax and Refund, can be found here as part of a new working group on tax & investment implications. The Network previously featured a paper on financial transaction taxes and pension funds entitled No Exemption in late 2012 and has a continued focus on corporate tax and other financial institution subsidies.

British Columbia provides a case study of an effective carbon tax policy, which has been successful largely because of lower consumption combined with a higher money return to the average person. Australian carbon tax experience shows the potential political challenges, but growing numbers of experts at the U.S. Energy Information Administration and elsewhere are joining the longstanding view of the likes of William Nordhaus and Dan Esty at Yale that carbon tax policy is a key lever to enabling a lower carbon energy mix.