We are losing out on the biggest economic opportunity of this century by delaying a federal cash-back price on climate pollution. This delay is also increasing our costs and risks while diminishing biodiversity, ecological services, and our future prospects.
Article
Original with graphics: bit.ly/carbon-price-gap-article
Green Energy Times: July 2025, page 17
Concord Monitor: Opinion, July 31, 2025
One-pager with 11 supporting pages: bit.ly/carbon-price-gap-pdf
Slideshow: bit.ly/carbon-price-gap-presentation
1-Hour Recording (bit.ly/carbon-price-gap-2025)
5-Minute Recording (bit.ly/carbon-price-gap-2024)
“Explicit carbon prices remain a necessary condition of ambitious climate policies” - IPCC SR15 chapter 4.4.5.2
"Carbon pricing is most effective if revenues are redistributed or used impartially... A carbon levy earmarked for green infrastructures or saliently returned to taxpayers corresponding to widely accepted notions of fairness increases the political acceptability of carbon pricing." - IPCC AR6 WG3 TS PDF page 81.
Carbon pricing is spreading, prices are rising, and CBAMs are coming. The World Bank's annual State and Trends of Carbon Pricing report provides a global view. 28% of the worlds greenhouse gas emissions are now under a carbon price!
The EU CBAM starts in January 2026, the UK CBAM starts in 2027, and Japan's CBAM starts in 2027. Canada and Australia are working on CBAMs as well.
Until the U.S. closes the growing carbon price gap with our major trading partners, we will pay a growing number of them for our "free" pollution through their CBAMS in trade.