budget balancing

• Dan Farber
• May 21, 2012

Using a Carbon Tax to Decrease the Deficit

A carbon tax would provide an incentive to reduce the use of fossil fuels, fostering the growth of clean energy.  But it would have another benefit as well: providing revenue to help cut the deficit. Much the same effect could be produced by auctioning allowances within a cap-and-trade system. According to Resources for the Future, …

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