The idea of establishing a federal or state tax on carbon emissions is a concept gaining a lot of attention today. While everyone understands taxes, many don’t understand exactly how a tax on carbon would work, who would be impacted, and whether it would be effective in reducing climate-changing carbon emissions. Pace Energy and Climate Center, along with Sustainable Westchester Federated Conservationists of Westchester County, Citizens’ Climate Lobby New York State, and Citizens’ Climate Lobby Westchester, are hosting a forum to discuss the idea of a tax on carbon. Pace has secured a panel of national experts to discuss, and looks forward to having questions answered and ideas about carbon taxes discussed.
The Pace Energy and Climate Center panel discussion on carbon taxes:
Date: Monday, March 26, 2018
Location: Tudor Room, Preston Hall, Pace University Elisabeth Haub School of Law, 78 N. Broadway, White Plains, NY 10603.
In preparation of this discussion, Pace has assembled some helpful resources for basic knowledge about the carbon tax concept.
In its most simple form, a carbon tax is a fee levied by an agency of government on the production, transportation, or use of fossil fuels. Today, the price of fossil fuels and the products and services we get from fossil fuel use do not reflect the cost that carbon emissions impose on the climate and people. The idea behind a carbon tax is that if the price of things reflects the real cost, our purchase and use decisions will be more economical. Setting the right carbon tax and deciding which fuels or activities will be taxed are the first decisions that have to be made.
The next big question about carbon taxes is what to do with the money raised. Should the tax revenues go toward general government budgets? To offset the burden on consumers? To fund improvements and growth in clean energy technologies?
Below are listed a few resources that can serve as an introduction to the issue of carbon taxes. Some of these materials were prepared by advocates for carbon taxes.
Northeast Regional Cap and Trade Initiative