Document: Report says carbon tax more cost-effective than GHG rules

A consulting firm in a new report says the carbon tax plan offered by the Climate Leadership Council (CLC), whose members include Treasury Secretary-designate Janet Yellen, is a more cost-effective approach to achieve major greenhouse gas cuts than regulations imposed by EPA or other agencies. Specifically, the report by NERA Economic Consulting, commissioned by CLC, examines the group’s legislative proposal for a carbon dividends plan (CDP), compared with various regulatory options offered as alternatives to carbon pricing programs. It finds...