Economists Tout Positive Short- And Long-Run Gains From Carbon Tax

Two academic economists are touting the short- and long-term economic gains achievable from enacting a carbon tax stringent enough to achieve the Biden administration’s greenhouse gas targets, claiming their research incorporates fresh analysis on new firms entering the economy as well as adoption of “green” technology. Analysis conducted by two Tufts University economists and released May 26 by the think tank Resources for the Future (RFF), models the macroeconomic effects of a carbon tax program designed to cut economy-wide GHGs...