Carbon fees could lead to substantially lower emissions

Read the full story at Environment + Energy Leader.

Carbon fees implemented across industries could significantly reduce energy-related emissions in the United States, according to an analysis by the US Energy Information Administration (EIA).

The EIA says that the fees, which is a tax implemented on the sale of fossil fuels based on the amount of carbon emissions they generate, could reduce emissions by 19% based on 2020 levels by 2050. The agency says the emissions drop would occur the fastest over the first five to 10 years the fees are implemented and then slow after that.

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