Mitigating Climate Change with a Carbon Tax: A Multi-Goal Analysis
Anthropogenic climate change is causing increasingly more harm. In the U.S., government intervention is needed to reduce this negative externality. The current Clean Power Plan (CPP) along with policy alternatives are assessed by their capacity to combat climate change, minimize economic damage, establish equity and garner public support. The analysis reveals that a carbon tax coupled with a lower marginal corporate income tax would be the best alternative.