Eleventh International Conference on Climate Change: Impacts & Responses

Abstract

In July of 2018, Representative Curbelo (R-FL), introduced a carbon tax bill (The MARKET CHOICE Act). This is the first carbon pricing bill from a Republican member of Congress since 2009 and represents a significant breakthrough on the path towards passing effective climate legislation in the U.S.. The Market Choice Act places a Pigouvan Price on greenhouse gases in exchange for eliminating the federal excise tax on gasoline. It also includes a border carbon adjustment on emission-intensive trade-exposed products, a streamlining of Clean Air Act regulations, and a partial carve out for existing state-level greenhouse gas pricing policies. The Market Choice Act also funds various research programs and invests in the resiliency of coastal infrastructure. The proposed presentation will provide the details of the Market ChoiceAct, such as the details of CAA regulatory streamlining, and evaluate those details from the perspective of effective mitigation and economic fairness