Energy/environmental tax

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Brief
Federal Budget and Economy

Why Local Governments Should Prepare for the Fiscal Effects of a Dwindling Coal Industry

This policy brief summarizes the implications of a carbon-constrained future on coal-dependent local governments in the United States. It considers the outlook for US coal production over the next decade under such conditions and explores how county finances could be affected. It also considers...

August 20, 2019
Adele C. MorrisNoah KaufmanSiddhi Doshi
Journal Article
Business Taxes

The Risk of Fiscal Collapse in Coal-Reliant Communities

If the United States undertakes actions to address the risks of climate change, the use of coal in the power sector will decline rapidly. Twenty-six US counties are classified as “coal-mining dependent,” meaning the coal industry is a major employer. In these areas, the industry is also an...

August 20, 2019
Adele C. MorrisNoah KaufmanSiddhi Doshi
Research report
Business Taxes

Making Border Carbon Adjustments Work in Law and Practice

This paper addresses issues relating to the creation of border carbon adjustments (BCAs) as part of a carbon tax. A carbon tax that is imposed only in the U.S. could put American firms at a competitive disadvantage. A BCA could level the playing field so that U.S. and foreign-firms face the same...

July 26, 2018
Adele C. Morris
Brief
Campaigns, Proposals, and Reforms

Policy Brief: Making Border Carbon Adjustments Work in Law and Practice

This brief addresses issues relating to the creation of border carbon adjustments (BCAs) as part of a carbon tax. A carbon tax that is imposed only in the U.S. could put American firms at a competitive disadvantage. A BCA could level the playing field so that U.S. and foreign-firms face the same...

July 26, 2018
Adele C. Morris
Journal Article
Business Taxes

Policy Insights from the EMF 32 Study on U.S. Carbon Tax Scenarios

The Stanford Energy Modeling Forum exercise 32 (EMF 32) used 11 different models to assess emissions, energy, and economic outcomes from a plausible range of economy-wide carbon price policies to reduce carbon dioxide (CO2) emissions in the United States. Here we discuss the most policy-relevant...

March 20, 2018
Alexander R. BarronAllen A. FawcettMarc A. C. HafsteadJames R. McFarlandAdele C. Morris
Journal Article
Business Taxes

Overview of the EMF 32 Study on U.S. Carbon Tax Scenarios

The Energy Modeling Forum (EMF) 32 study on carbon tax scenarios analyzed a set of illustrative policies in the United States that place an economy-wide tax on fossil-fuel-related carbon dioxide (CO2) emissions, a carbon tax for short. Eleven modeling teams ran these stylized scenarios, which...

March 20, 2018
James R. McFarlandAllen A. FawcettAdele C. MorrisJohn M. ReillyPeter J. Wilcoxen
Research report
Campaigns, Proposals, and Reforms

A U.S. Carbon Tax and the Earned Income Tax Credit

This paper examines, individually and jointly, an excise tax on carbon and an expansion of EITC benefits to childless workers. We estimate how an illustrative tax of $32 per ton of CO2 from fossil fuel combustion would burden households differentially across the income distribution, how it could...

July 31, 2017
Aparna MathurAdele C. Morris
Brief
Business Taxes

Potential Linkages between a U.S. Carbon Tax and the Earned Income Tax Credit

This brief summarizes, individually and jointly, an excise tax on carbon and an expansion of EITC benefits to childless workers. We find that although in principle a carbon tax that lowers wages could affect EITC benefits and thus impact low-to-moderate income households, the likely magnitude of...

July 31, 2017
Aparna MathurAdele C. Morris
Research report
Business Taxes

Charitable Contributions of Conservation Easements

A tax deduction intended to encourage conservation of environmentally important land and historic buildings has become a lucrative way for real estate developers to finance development projects—cheating the government out of billions of dollars of revenue and in some cases doing little to...

June 1, 2017
Adam Looney
Research report
Federal Budget and Economy

11 Essential Questions for Designing a Policy to Price Carbon

Economists widely advocate establishing a price on carbon as a central means of reducing greenhouse gas emissions and the risks of global climatic disruption and ocean acidification. To be sure, a price on carbon is necessarily one part of a broader climate policy portfolio that includes...

July 8, 2016
Adele C. Morris