What are the ancillary benefits of taxing carbon?
As the previous Q&A suggests, U.S. carbon taxes could be expected to usher in a host of non-climate benefits, from better air quality and less strip-mining to reduced entanglement in the unstable and dangerous Middle East. Americans could also look forward to a slew of indirect benefits – for example, lighter road traffic arising from a decrease in vehicle-miles traveled, as families and businesses adapt to higher gasoline and diesel fuel prices by trimming their least essential trips and consolidating others.
