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Richard Brooks's picture
Co-Founder and Lead Software Engineer Reliable Energy Analytics LLC

Inventor of patent pending (16/933161) technology: METHODS FOR VERIFICATION OF SOFTWARE OBJECT AUTHENTICITY AND INTEGRITY and the Software Assurance Guardian™ (SAG ™) Point Man™ (SAG-PM™)...

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  • Jan 14, 2020
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A carbon price of $10 per metric ton reduces employment in the regulated region by 2.7 percent, and raises employment in nearby states by 0.8 percent; the effects on output and profits are broadly similar. Adding a carbon price to electricity rates is bad for businesses and consumers in local communities. There are better options for States to incentivize clean renewable energy.

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Matt Chester's picture
Matt Chester on Jan 14, 2020

Interesting-- especially considering $10/ton is relatively low in terms of what you see discussed. I wonder if these numbers line up with what's been observed in the EU carbon trading once the markets reached these prices.

Further a key point in the article not captured in the headline:

States can take multiple steps to mitigate these impacts —​ from subsidizing output to investing in energy efficiency and even carbon capture, according to experts.

It seems this is showing what the economic impact could be but isn't saying that means don't do it-- but rather smartly couple policies that could mitigate the negatives while capturing the positives. 

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