MIT Study: Applying Carbon Tax Can Relieve US Budget Deficit

Biofuels, Carbon Markets, Coal Power, Electric Vehicles, Emissions, Energy Efficiency, Environmental Markets, Fossil Fuels, Natural Gas, Nuclear Power, Oil, Power & Utilities, Renewables, Smart Grid, Solar Power, Wind Power

According to a report released by Massachusetts Institute of Technology (MIT) on August 27, 2012, applying a carbon tax at the rate of $20 per ton in 2013 and increasing it by four percent per year can raise $1.5 trillion over a span of 10 years.  The report, which comes at a time when Congress…...