Bipartisan carbon pricing proposals have started to appear at the national level, which begs a question: what’s the right price for carbon? An advisor to California and RGGI carbon markets offers insights.
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Over the past two years the idea of putting a price on carbon has gathered new and often unexpected support from across the political spectrum. In 2017 a group of former Republican leaders offered up a proposal for a national carbon tax. This January, top economists including all of the living former Federal Reserve Chairs pledged their support for such a plan on the Op Ed page of the Wall Street Journal.  

While Congress has remained polarized, carbon pricing proposals have recently emerged from lawmakers on both sides of the aisle. And oil companies such as Exxon and Shell now publicly  support a carbon price.

Guest Dallas Burtraw, an advisor to carbon cap and trade programs in California and the Eastern U.S., discusses one of the most challenging and controversial aspects facing any effort to price carbon: getting the carbon price right. When done correctly, carbon pricing can speed greenhouse emissions reductions and fuel economic growth. Yet carbon cap and trade markets, which have been operating for over a decade in Europe and the US, have at times struggled with pricing, highlight the challenges likely to face future carbon pricing efforts.

Dallas Burtraw is Chair of California’s Independent Emissions Market Advisory Committee and a senior fellow with Resources for the Future. He is also a visiting scholar at the Kleinman Center for Energy Policy.

Related Content:
The Inevitable Policy Response Theory  https://kleinmanenergy.upenn.edu/blog/2018/10/03/inevitable-policy-response-theory

Climate Policy Won’t Work Without Considering Labor. https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor

Lessons from a Decade of Cap & Trade  https://kleinmanenergy.upenn.edu/energy-policy-now/lessons-decade-cap-trade

Bipartisan carbon pricing proposals have started to appear at the national level, which begs a question: what’s the right price for carbon? An advisor to California and RGGI carbon markets offers insights. --- Over the past two years the idea of putting a price on carbon has gathered new and often unexpected support from across the political spectrum. In 2017 a group of former Republican leaders offered up a proposal for a national carbon tax. This January, top economists including all of the living former Federal Reserve Chairs pledged their support for such a plan on the Op Ed page of the Wall Street Journal.     While Congress has remained polarized, carbon pricing proposals have recently emerged from lawmakers on both sides of the aisle. And oil companies such as Exxon and Shell now publicly  support a carbon price.   Guest Dallas Burtraw, an advisor to carbon cap and trade programs in California and the Eastern U.S., discusses one of the most challenging and controversial aspects facing any effort to price carbon: getting the carbon price right. When done correctly, carbon pricing can speed greenhouse emissions reductions and fuel economic growth. Yet carbon cap and trade markets, which have been operating for over a decade in Europe and the US, have at times struggled with pricing, highlight the challenges likely to face future carbon pricing efforts.   Dallas Burtraw is Chair of California’s Independent Emissions Market Advisory Committee and a senior fellow with Resources for the Future. He is also a visiting scholar at the Kleinman Center for Energy Policy.    Related Content: The Inevitable Policy Response Theory  https://kleinmanenergy.upenn.edu/blog/2018/10/03/inevitable-policy-response-theory   Climate Policy Won’t Work Without Considering Labor. https://kleinmanenergy.upenn.edu/blog/2018/09/17/climate-policy-wont-work-without-considering-labor   Lessons from a Decade of Cap &amp; Trade  https://kleinmanenergy.upenn.edu/energy-policy-now/lessons-decade-cap-trade

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by the Kleinman Center for Energy Policy at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

Energy Policy Now

Energy Policy Now offers clear talk on the policy issues that define our relationship to energy and its impact on society and the environment. The series is produced by <a href="https://kleinmanenergy.upenn.edu/podcast/">the Kleinman Center for Energy Policy</a> at the University of Pennsylvania and hosted by energy journalist Andy Stone. Join Andy in conversation with leaders from industry, government, and academia as they shed light on today's pressing energy policy debates.

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