Perhaps, Some Day, There Will Be A Carbon Tax

There are few people left, at least in my orbit, who don't share the goal of prompt decarbonization of the economy. The quaintly named $64,000 question ($64 trillion question?) is how we get from here to there.

Today, the New England Power Generators Association released a report prepared by Analysis Group that explains how an economy-wide price on carbon can help New England do just that. (Full disclosure: Foley Hoag has done work for NEPGA and my wife works at Analysis Group, though not on this project.)

As a long-time carbon tax supporter, I did not need to be sold, but the report still has some important conclusions.

• A carbon price of $25-35/ton in 2025 and $55-70/ton in 2030-35 would be sufficient to put us on a path to meet our GHG reduction targets.