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Study finds limiting warming to 2 °C would require at least a $200/t carbon tax globally

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A study by University of Chicago economist Esteban Rossi-Hansberg, the Glen A. Lloyd Distinguished Service Professor in Economics, and José-Luis Cruz of Princeton University assesses the local social cost of carbon (LSCC) and how that cost aligns with the carbon reduction pledges countries made under the Paris Agreement.

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MIT study suggests carbon tax could help reduce US deficit, lower other taxes, reduce emissions

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A new report from MIT’s Joint Program on the Science and Policy of Global Change suggests that a tax on carbon emissions could help raise the money needed to reduce the US deficit, while improving the economy, lowering other taxes and reducing emissions. They found that the tax would raise $1.5

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Study finds EV buyers want rebates, not tax credits; government could have saved $2B

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A study by a team from the George Washington University finds that not all financial incentives are created equal in the eyes of prospective car buyers, and the current federal incentive—a tax credit—is, in fact, valued the least by car buyers. The current federal electric vehicle tax scheme is a pain.

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UC Davis report proposes mileage fee for EVs, maintaining fuel tax for ICEs to support road repairs

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A research report submitted to the California Legislature this week by the University of California, Davis’ Institute of Transportation Studies proposes switching EVs to a mileage-based road-funding fee (road user charge, RUC) while continuing to have gasoline-powered cars pay gasoline taxes. on-board diagnostic [OBD] devices).

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Study finds higher gasoline taxes do not disproportionately impact the poor, especially in developing countries

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However, a new study by researchers at the University of Gothenburg (Sweden) finds that middle- and high-income earners are generally affected the most by gasoline taxes, especially in poor countries, rather than poor people. Petrol taxes are effective and actually don’t affect poor people disproportionally.

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U Mich poll finds support for carbon tax grows when revenue fuels renewable energy

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A carbon tax with revenues used to fund renewable energy programs gained support from 60 percent of Americans, according to a University of Michigan poll. The survey also found: A revenue-neutral carbon tax, in which all tax revenue would be returned to the public as a rebate check, received 58% support.

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MIT report finds China’s actions on climate change crucial; argues for global economy-wide greenhouse gas tax

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The researchers argue for a global economy-wide greenhouse gas tax that spreads the burden of responsibility. The researchers tested various levels of emission reduction plans—a global carbon tax of $10, $30 or $50. The various taxes would slow warming to 3.5,