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FOR IMMEDIATE RELEASE
March 11, 2009
CONTACT:
Laura Henderson (202) 621-2951
WASHINGTON, D.C. – As our federal lawmakers continue to lay the groundwork to regulate and tax carbon, Institute for Energy Research (IER) today released two studies that analyze the economic impact that two of these proposals would have: the carbon tax and the so-called “Carbon Fed.” Though [...]

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Energy makes modern society possible. It lights the night, heats our homes, powers our entertainment, and most importantly, it helps us conserve the ultimate non-renewable resource—time. Energy amplifies our ability to do work. Machines help autoworkers assemble cars, power tools help construction workers build our homes, gasoline-powered automobiles help us take care of [...]

For the third time in the past 5 months The Washington Post has called for new taxes on energy. This time the Post is calling for a carbon tax because cap-and-trade regimes for greenhouse gas emissions are flawed. According to the Post:
Cap-and-trade regimes have advantages, notably the ability to set a limit on emissions and [...]

President Obama has ordered the Environmental Protection Agency to swiftly decide whether or not it will waive federal law and allow California to regulate greenhouse gas emissions from automobiles. EPA is very likely to grant the waiver enabling California to institute new and costly regulations. The regulations amount to a stealth carbon tax of at [...]

Dan Simmons
Director of State Affairs
When the Boxer-Lieberman-Warner global warming bill was debated on the floor of the Senate June 2nd to June 6th, one thing became clear—the costs of cap and trade style greenhouse gas regulation were enormous. Almost all serious economic analyses agree on this central point.
Despite their defeat in the Senate, the supporters [...]

IER’s economist, Robert Murphy, takes on Nordhaus’ dubious case for a carbon tax with Rolling the Dice.  The Murphy study is currently under submission at a peer-reviewed economics journal.