Obama May Levy Carbon Tax to Cut the U.S. Deficit, HSBC Says
By Mathew Carr – Bloomberg News
A carbon tax starting at $20 a ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates.
“Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
h/t to WUWT reader “dp”