US study: US$35 per ton carbon price will cut emissions 10%
3 Jun 2008
A new analysis by researchers at Carnegie Mellon University’s Tepper School of Business shows possible positive short-term effects of establishing a mandatory price for CO2 emissions inthe United States.
The study titled “Short Run Effects of a Price on Carbon Dioxide Emissions from U.S. Electric Generators,” which appeared in Environmental Science & Technology, suggests that a US$35 price on CO2 emissions would result in up to 10 percent reductions in emission levels by prompting changes in both power company investments and consumer behaviour.
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