In July the Senate Environment and Public Works Committee, chaired by Senator Barbara Boxer (D-CA), will discuss a carbon tax bill that would impose a fee on fossil fuel producers at the source, rather than on emissions from power plants. The bill, sponsored by Senator Bernie Sanders (I-VT), “would return 60 percent of those revenues to residents to help offset costlier energy.”
RFF’s Rob Williams, Richard Morgenstern, Jared Carbone, and Dallas Burtraw have developed a new model to examine the implications of such a bill, exploring how the economy, the environment, and consumers will be affected by a carbon tax under a variety of scenarios, such as providing consumer rebates from the revenue. On Wednesday, June 26, they will explain the results from the model, which is the only model of its kind to look at distributional impacts across current and future generations of people. Register here to attend in the seminar in person or watch online at www.rff.org/live.
I'll post a screen shot next week to prove that I'm "working" during the summer.
*From one of the best all time economic movies: Being there.