Proxy Carbon Pricing: A Tool for Fiscally Rational and Climate-Compatible Governance

Center for American Progress / by Alison Cassady and Gwynne Taraska

[Politico’s Morning Energy email]  The Center for American Progress is calling for Congress to require federal agencies to consider a carbon price in all of its activities, or, failing that, for the president to use existing authorities to require such a practice. In a report out today, the liberal group argues that the government should follow the lead of private companies in considering the carbon impact in assessing its activities by adding the cost of each ton of carbon dioxide equivalent emitted to a project’s costs. The group suggests the government could either broadly apply the social cost of carbon figure already used in calculating the costs and benefits of carbon-reducing rules, or perhaps choose a proxy price that reflects mid-century emission reduction goals.


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