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CBO: Carbon Tax an Option to Avoid 'Catastrophic' Outcomes

2013-05-23 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed

The Hill: The Congressional Budget Office (CBO) noted Wednesday that a carbon tax could generate significant revenues for the United States and avert catastrophic effects of climate change. CBO said in a new report that there are many uncertainties about how to design and implement a carbon tax, but waiting too long to curb greenhouse gas emissions would have clear results. [D]elays would increase the expected damage from climate change by increasing the risk of very costly, potentially even catastrophic,...

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