A recent study done by the Political Economy Research Institute says a proposed $40 per metric ton tax on carbon would have to reach $200 per ton to begin changing consumer behavior and protect low-income consumers.

A news story about a proposal to create a new carbon tax that is moving through Congress is attracting some support from the fossil fuel industry and some environmentalists. The plan calls for a $40 per metric ton tax on carbon, with the amount increasing over time and the proceeds given back to the American public as dividends. A recent study done by the Political Economy Research Institute at UMass Amherst, however, says the tax would have to reach $200 per ton to begin changing consumer behavior and protect low-income consumers. (Climateliabilitynews.org, 7/17/18)