What The U.S. Needs To Make A Carbon Tax Work

The video discusses the growing support for a carbon tax as a means to reduce carbon emissions and mitigate climate change. It highlights the economic benefits and political support from both Democratic and Republican parties. The potential economic impact of implementing a carbon tax versus doing nothing is explored, along with the challenges of passing and maintaining such legislation. The video also emphasizes the global impact and opportunities for technological advancements that a carbon tax could bring.

What is one of the main reasons big industries are lobbying for a carbon tax?

• To reduce competition

• To achieve economic benefits

• To gain public support

• To increase their profits

What is a potential downside of implementing a carbon tax according to the Tax Policy Center?

• It will lead to job losses

• It will decrease government revenue

• It will increase fuel and electricity costs

• It will reduce industrial output

How much revenue could a gradually increasing carbon tax generate by 2028?

• $750 billion

• $2 trillion

• $500 billion

• $1 trillion

What is a key challenge in maintaining support for a carbon tax?

• Ensuring consistent policy to encourage investment

• Balancing international trade agreements

• Reducing the tax rate over time

• Increasing public awareness

What global benefit could result from the successful implementation of a carbon tax in the US?

• Increased global trade

• Higher global economic growth

• Reduced international tensions

• Development of affordable emission-reducing technologies