The paper is piling up at the U.S. Court of Appeals for the D.C. Circuit. The Environmental Protection Agency’s Clean Power Plan is in the cross hairs of half the states, and judges are plowing through briefs filed by more than 1,000 trade associations, lawmakers, advocacy groups and others with a point of view.
GreenBiz: One way to sell a tax on carbon -- Cut other taxes
Brookings Institution: 9 Things You Should Know About the Carbon Tax
A “carbon tax” is one way to price carbon emissions generated from the burning of fossil fuels—e.g., coal and natural gas—to generate energy.
Economist call these emissions “negative externalities” because their costs—especially in terms of environmental harm—are not borne solely by the producer, but by the community. Thus, the actual cost to society of producing energy is higher than the cost to individuals.