It might seem odd these days to be considering the possibility of carbon taxes as climate policy. But there is the distinct possibility that states will address climate change as the federal government abandons this policy area. Second, there remains the faint hope that the Trump administration or Congress will recognize carbon taxation as a vehicle for tax reform. Many, many policy experts, economists, and environmentalists have long been arguing that carbon taxation is the least costly and most effective way to reduce carbon dioxide emissions. But less commonly discussed is the fact that carbon taxation offers the opportunity to address a number of non-environmental objectives, such as fiscal reform, infrastructure funding, or reducing inequality.
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