2.2 Carbon Tax
1. What action has Exxon taken to promote a carbon tax? ExxonMobile has announced it’s endorsing the CLC proposal and is putting up $1 million to lobby for it. 2. How does this article define a carbon tax? A per-ton tax on the carbon dioxide emissions embedded in fuels or other products. 3. What would be the predicted impact of a $50 per ton carbon tax? Under the $50/ton scenario, emissions fall 39 to 46 percent below 2005 levels by 2025, putting the US well ahead of its pledged Paris goal of 26 to 28 percent by 2025. 4. How expensive would the tax need to be to reduce emissions by 80%? $100 or more. 5. Which industry would be most impacted by the implementation of a carbon tax? Transportation. 6. How would the carbon tax impact the transportation industry? transportation appears stubbornly resistant to carbon prices. Through 2030, a $50 carbon tax would reduce emissions from the transportation sector all of 2%...