The U.S. Congress is considering a set of bills designed to limit the nation's greenhouse gas (GHG) emissions. Several of these proposals call for a cap-and-trade system; others propose an emissions tax. This paper complements the analysis by Paltsev et al. (2007) of cap-and-trade bills and applies the MIT Emissions Prediction and Policy Analysis (EPPA) model to carry out an analysis of the tax proposals.
Metcalf, G.E., S. Paltsev, J. M. Reilly, H.D. Jacoby and J. Holak. "Analysis of U.S. Greenhouse Gas Tax Proposals." MIT Global Change Joint Program, Report 160, Apr 2008. [Report PDF: 800 kB] [Appendix: 1.6 MB]
