A U.S. Tax on Carbon Would “Wallop Our Economy,” Claims National Association of Manufacturers’ Study

摘要

A U.S. tax on carbon dioxide (CO2) would have a “devastating impact” on manufacturing, jobs, and energy prices in the long term, said a report from the National Association of Manufacturers (NAM), Economic Outcomes of a U.S. Carbon Tax., prepared by NERA Economic Consulting. A tax implemented to reduce emissions by 80% would greatly impact the economy, dropping the U.S. Gross Domestic Product (GDP) by almost $1.4 trillion by 2053. Manufacturing output in energy-intensive sectors could drop by as much as 15% and by 7.7% in non-energy-intensive sectors. A carbon tax would also lead to lower real wage rates – as companies face higher costs – with incomes declining as much as 8.5%.