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Carbon Fees Could Lead to Substantially Lower Emissions

Harun Asad's picture
Sustainability/Impact Advisor & Author Sustainability/Impact Advisory

Freelance author at Environmental Leader and former corporate sustainability manager for Con Edison.

  • Member since 2021
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  • Dec 2, 2021
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Carbon Fees could lead to an increased reduction in emissions across industries, according to new analysis by the EIA.

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Matt Chester's picture
Matt Chester on Dec 2, 2021

I think there's little doubt that carbon fees would work to reduce emissions-- the real questions on the topic are surrounding 1) the political/logistical viability of ever getting such a policy on the books, and 2) the cost-effectiveness of carbon fees compared with alternative options (especially in looking who 'wins' and 'loses' in each scenario to minimize the regressive nature of any such fees)

Dr. Amal Khashab's picture
Dr. Amal Khashab on Dec 2, 2021

In my opinion, based upon the polluter pays principle, the carbon fee will result in a lumpsum budget. This could be used in implementing Carbon Capture and Storage projects in highly polluted areas.To minimize the payment, these sectors will tend to replace fossil fuels with cost-effective options. These options include renewable resources for electricity generation, electrification of the transportation sector, and hydrogen utilization in the industry sector.

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