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How Carbon Dioxide Emissions Would Respond to a Tax or Allowance Price: An Update: Working Paper 2021-16

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  • Ron Gecan

Abstract

In this working paper, the Congressional Budget Office describes its recent update of parameters that characterize the relationship between emissions of carbon dioxide and changes in the price of those emissions. Based on a review of recent studies, CBO evaluated how a change in price induced by a tax or an allowance price on emissions would affect the amount of carbon dioxide released by the combustion of fossil fuels in the electric power sector, the transportation sector, and a composite sector that comprises the residential, commercial, and industrial sectors.

Suggested Citation

  • Ron Gecan, 2021. "How Carbon Dioxide Emissions Would Respond to a Tax or Allowance Price: An Update: Working Paper 2021-16," Working Papers 57580, Congressional Budget Office.
    • Handle: RePEc:cbo:wpaper:57580
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    File URL: https://www.cbo.gov/system/files/2021-12/57580-Emissions.pdf
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    More about this item

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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