Carbon pricing needs stronger political support in the US

The Senate is where the US climate policy will live or die. While the Biden administration has not come out opposed to carbon pricing, it hasn’t come out fully embracing it either. Carbon pricing may be a piece of the climate policy puzzle but without a clear declaration in its favor from the current administration it is hard to see how it could be among the primary instruments at the moment. Moreover, we see a decline in democratic enthusiasm for it due to concerns over environmental justice, and increasing support for alternatives like revisioning the investment/production tax credits or the Clean Energy Standards.

Marc Hafstead, Fellow and Director Carbon Pricing Initiative, Resources for the Future. From his speech at the launch webinar of WCP “Carbon pricing as a win-win solution for a green recovery” held on 18th March 2021
Carbon price news worldwide
- Trudeau and Freeland up the ante on a clean economy | CBC News Marzo 29, 2023The Liberals also are moving to shore up the federal carbon price. ... to a low-carbon economy in Canada, it is the availability of low cost, ...
- UBS's crisis-era chief executive returns to oversee Credit Suisse deal - latest updates Marzo 29, 2023European natural gas prices surged to their highest level in more than a week ... Shapps plots 'carbon tax' on foreign imports to protect British ...
- Carbon price drop endangers ETS, Paris Agreement commitments, and exporters | interest.co.nz Marzo 29, 2023Susan Harris says the carbon price needs to go up, gradually, until it hurts. Then, emissions will come down.
- Budget 2023: The Red Green Show - RBC Thought Leadership Marzo 29, 2023New revenue measures and cost efficiencies are worth $24 billion over five ... federal support system that includes carbon pricing at its core, ...
- Australia introduces nature repair market legislation to parliament - Carbon Pulse Marzo 29, 2023News and intelligence on carbon markets, greenhouse gas pricing, and climate policy ... of the independent review of Australia's carbon market.