Carbon tax works out to $43/ton.
The social cost of carbon emissions, averaging the conclusions of peer-reviewed economic studies, is $43/ton. Which is what makes that a good starting point for a carbon tax. For example, driving from Norfolk to San Francisco in a car that gets 25mpg would emit 0.3 tons of CO2, and would be taxed at $13.26 to offset the carbon component of those emissions. Or you could pay somebody to stay in bed all day and call it a “carbon credit.” I’m starting to think that carbon credits are bullshit. (Via Freakonomics)