Even Fans Agree: Carbon Tax Swap Will Hurt Economy
The website for the Regional Greenhouse Gas Initiative (RGGI) openly brags about how its revenues have been spent on renewables, energy efficiency projects, and other “green” investments.
One of the recurring themes of my IER posts has been to warn Americans that the promises of a “win-win” from a carbon tax swap deal are very dubious. In the present post, I will draw on a 2013 Resources for the Future (RFF) study recently touted by the Niskanen Center—which is for a carbon tax swap deal—to show that even they aren’t expecting it to actually help the economy.