Carbon pricing has received considerable bipartisan pushback, with some conservatives arguing it will raise energy costs and some progressives saying it could exacerbate socioeconomic inequalities. But the idea has also gained supporters from both political parties, with Democrats and Republicans mulling the idea as recently as last fall. Economists, meanwhile, are largely united in their belief that carbon pricing is the key to transitioning to a low-carbon future by changing behaviors and incentivizing innovation.

On April 27, EPIC hosted a deep dive conversation on carbon pricing, and how a policy could be structured to help consumers, the climate and energy security. The event included bp’s head of state government affairs and third-party advocacy, Phil Cochrane, as well as EPIC’s 2021-2022 policy fellows Heather McTeer Toney, vice president of community engagement for the Environmental Defense Fund, and former Congressman Carlos Curbelo (R-FL), who proposed a carbon tax-gas tax swap when he was in Congress. The event was moderated by EPIC’s journalism fellow, Lisa Friedman, a climate policy reporter for The New York Times. Listen to their conversation.

Areas of Focus: Climate Change
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Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...
Fossil Fuels
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Fossil Fuels
Under current policies, fossil fuels will play an important role in the energy system for the foreseeable future. EPIC research is exploring the costs and benefits of these fuels as...
Put a Price on It: The How and Why of Pricing Carbon
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Put a Price on It: The How and Why of Pricing Carbon
Enacting a national, market-based framework to put a price on carbon can achieve ambitious climate change goals while minimizing the cost to the American economy. The most effective climate policy...
Updating the United States Government’s Social Cost of Carbon
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Updating the United States Government’s Social Cost of Carbon
As the Biden administration updates the social cost of carbon, their thorough review should include using the latest climate modeling, applying new climate damage estimates, employing lower discount rates, and...