Americans Are Willing to Pay $177 Annually for Carbon Tax, Survey Finds

Read the full story at e360.

A new survey of more than 1,200 American adults found that households were willing to pay an average $177 per year on a “tax on fossil fuels (coal, oil, and natural gas) to help reduce global warming.” This equals a 14.4 percent increase in energy cost compared to current electricity rates in each state.

The tax would generate $22.3 billion for climate action annually, the survey found. The research was conducted by the Yale Program on Climate Change Communication, and published recently in the journal Environmental Research Letters.

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