Researchers Led By Georgia State Economist Find A Global Tax On Carbon May Be Feasible
There is a consistently high level of public support across nations for a global carbon tax if the tax policy is carefully designed, according to a survey of people in the United States, India, the United Kingdom, South Africa and Australia.
The research was published in Nature.
“Imposing a cost on carbon is the most economically efficient way to reduce greenhouse gas emissions,” said economist and lead author Stefano Carattini, an assistant professor in Georgia State University’s Andrew Young School of Policy Studies. “Our research shows that a system of harmonized carbon taxes, in which countries agree on the tax rate but maintain control over tax revenues, would be the easiest way to achieve a global carbon price.”