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Paying for PollutionWhy a Carbon Tax is Good for America$
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Gilbert E. Metcalf

Print publication date: 2019

Print ISBN-13: 9780190694197

Published to Oxford Scholarship Online: January 2019

DOI: 10.1093/oso/9780190694197.001.0001

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Isn’t There a Better Way? (No, There Isn’t)

Isn’t There a Better Way? (No, There Isn’t)

(p.53) Chapter 4 Isn’t There a Better Way? (No, There Isn’t)
Paying for Pollution

Gilbert E. Metcalf

Oxford University Press

This chapter reviews alternative approaches to putting a price on pollution to control greenhouse gas emissions. It reviews the history of the Clean Air Act and Corporate Average Fuel Economy (CAFE) standards and demonstrates that these policies cut pollution at a much higher cost than by simply putting a price on pollution. It also reviews subsidies for clean energy, state-level renewable portfolio standards, and information and voluntary programs and demonstrates that a carbon tax is superior to any of these alternatives.

Keywords:   regulation, fuel economy standards, Clean Air Act, standards, clean energy subsidies, information, voluntary action, carbon offsets

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