A $36 per metric ton carbon tax would – holding emissions constant – yield $190 billion per year.

US energy related carbon emissions amounted to 5.27 billion metric tons in 2018; a carbon tax of approximately $36 per metric ton would—holding emissions constant—raise $190 billion per year.276 This is almost certainly an overestimate because the whole point of a carbon tax, aside from raising revenue, is to reduce carbon output.

empirical


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