Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Will a carbon tax lessen U.S. oil dependence?

April 26, 2017carbon dependence lessen Oil tax

0

Posted

Will a carbon tax lessen U.S. oil dependence?

1 Answer

0

Posted

You bet it will. Petroleum products account for 42% of U.S. CO2 emissions from burning fuels (coal and natural gas are responsible for 36% and 22%, respectively), so a carbon tax stiff enough to cut down heavily on CO2 will necessarily put a big dent in oil consumption.