United States baulks at the political cost of a carbon price
As major markets around the world add various forms of carbon tax, in the United States a country-wide price on carbon is a political non-starter
Political hurdles are harming the United States’ chances of cutting emissions through financial instruments
MISSING IN ACTION Repeated attempts to launch a federal tax on carbon have failed, despite having some success at state level
POLITICAL CAPITAL US lawmakers know the opposition to a carbon tax is so great it is better to focus climate-mitigation policies elsewhere
KEY QUOTE Carbon pricing is not a silver bullet; it is a powerful tool ...
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