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The Impact Of Carbon Taxation And Revenue Recycling On U.S. Industries

Author

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  • NICK MACALUSO

    (Environment and Climate Change Canada, 200 Boulevard Sacré-Coeur, Gatineau, Québec, K1A 0H3, Canada)

  • SUGANDHA TULADHAR

    (NERA Economic Consulting, 1255 23rd Street, NW, Suite 600, Washington, DC 20037, USA)

  • JARED WOOLLACOTT

    (RTI International, 3040 E. Cornwallis Rd., Durham, NC 27709, USA)

  • JAMES R. MCFARLAND

    (U.S. Environmental Protection Agency, 1200 Pennsylvania Avenue NW, Washington, DC 20460, USA)

  • JARED CREASON

    (U.S. Environmental Protection Agency, 1200 Pennsylvania Avenue NW, Washington, DC 20460, USA)

  • JEFFERSON COLE

    (U.S. Environmental Protection Agency, 1200 Pennsylvania Avenue NW, Washington, DC 20460, USA)

Abstract

This paper provides a detailed, cross-model analysis and discussion of the implications of carbon tax scenarios on changes in sectoral output, energy production and consumption and the competitiveness of the United States’ economy. Our analysis focuses on the broad patterns apparent across models in both qualitative and quantitative terms at the sector level, with a focus on energy-intensive, trade-exposed sectors. We identify how variations in carbon tax trajectories and different options for using the revenue from the tax drive these results.

Suggested Citation

  • Nick Macaluso & Sugandha Tuladhar & Jared Woollacott & James R. Mcfarland & Jared Creason & Jefferson Cole, 2018. "The Impact Of Carbon Taxation And Revenue Recycling On U.S. Industries," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-41, February.
    • Handle: RePEc:wsi:ccexxx:v:09:y:2018:i:01:n:s2010007818400055
    DOI: 10.1142/S2010007818400055
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    Cited by:

    1. Andrea Amado & Koji Kotani & Makoto Kakinaka & Shunsuke Managi, 2023. "Carbon tax for cleaner-energy transition: A vignette experiment in Japan," Working Papers SDES-2023-6, Kochi University of Technology, School of Economics and Management, revised Oct 2023.
    2. James R. Mcfarland & Allen A. Fawcett & Adele C. Morris & John M. Reilly & Peter J. Wilcoxen, 2018. "Overview Of The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-37, February.
    3. Alexander R. Barron & Allen A. Fawcett & Marc A. C. Hafstead & James R. Mcfarland & Adele C. Morris, 2018. "Policy Insights From The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-47, February.
    4. Lin, Boqiang & Jia, Zhijie, 2020. "Does the different sectoral coverage matter? An analysis of China's carbon trading market," Energy Policy, Elsevier, vol. 137(C).
    5. Correa, Diego F. & Beyer, Hawthorne L. & Fargione, Joseph E. & Hill, Jason D. & Possingham, Hugh P. & Thomas-Hall, Skye R. & Schenk, Peer M., 2019. "Towards the implementation of sustainable biofuel production systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 107(C), pages 250-263.
    6. Allen A. Fawcett & James R. Mcfarland & Adele C. Morris & John P. Weyant, 2018. "Introduction To The Emf 32 Study On U.S. Carbon Tax Scenarios," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-7, February.
    7. Dahlke, Steven, 2019. "Short run effects of carbon policy on U.S. electricity markets," SocArXiv b79yu, Center for Open Science.
    8. Shuyang Chen, 2022. "The inequality impacts of the carbon tax in China," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-10, December.
    9. Bayale, Nimonka, 2020. "Foreign Aid and Fiscal Resources Mobilization in WAEMU Countries: Ambiguous Effects and New Questions," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2), July.
    10. Jared Woollacott, 2018. "The Economic Costs And Co-Benefits Of Carbon Taxation: A General Equilibrium Assessment," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 9(01), pages 1-22, February.
    11. Steve Dahlke, 2019. "Short Run Effects of Carbon Policy on U.S. Electricity Markets," Energies, MDPI, vol. 12(11), pages 1-21, June.

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