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OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS.

ABSTRACT: The Energy Modeling Forum (EMF) 32 study on carbon tax scenarios analyzed a set of illustrative policies in the United States that place an economy-wide tax on fossil-fuel-related carbon dioxide (CO2) emissions, a carbon tax for short. Eleven modeling teams ran these stylized scenarios, which vary by the initial carbon tax rate, the rate at which the tax escalates over time, and the use of the revenues. Modelers reported their results for the effects of the policies, relative to a reference scenario that does not include a carbon tax, on emissions, economic activity, and outcomes within the U.S. energy system. This paper explains the scenario design, presents an overview of the results, and compares results from the participating models. In particular, we compare various outcomes across the models, such as emissions, revenue, gross domestic product, sectoral impacts, and welfare.

SUBMITTER: McFarland JR

PROVIDER: S-EPMC6913042 | biostudies-literature | 2018 Feb

REPOSITORIES: biostudies-literature

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OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS.

McFarland James R JR Fawcett Allen A AA Morris Adele C AC Reilly John M JM Wilcoxen Peter J PJ

Climate change economics 20180201 1

The Energy Modeling Forum (EMF) 32 study on carbon tax scenarios analyzed a set of illustrative policies in the United States that place an economy-wide tax on fossil-fuel-related carbon dioxide (CO<sub>2</sub>) emissions, a carbon tax for short. Eleven modeling teams ran these stylized scenarios, which vary by the initial carbon tax rate, the rate at which the tax escalates over time, and the use of the revenues. Modelers reported their results for the effects of the policies, relative to a ref ...[more]

PMID: 31844507

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Dataset Information

OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS.

Publications

OVERVIEW OF THE EMF 32 STUDY ON U.S. CARBON TAX SCENARIOS.

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