By: David L. Chandler (MIT NEWS)
Putting a price on carbon, in the form of a fee or tax on the use of fossil fuels, coupled with returning the generated revenue to the public in one form or another, can be an effective way to curb emissions of greenhouse gases. That’s one of the conclusions of an extensive analysis of several versions of such proposals, carried out by researchers at MIT and the National Renewable Energy Laboratory (NREL).
What’s more, depending on the exact mechanism chosen, such a tax can also be fair and not hurt low-income households, the researchers report.
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