CARBON TAX UNIVERSITY OF WASHINGTON | ENVIRONMENT 439 | WINTER 2017 - - PowerPoint PPT Presentation
ALLIE BULL. LYNN CHAFFEE. OLIVIA CLARK. MARIE JOHANSEN. SOONDUS JUNEJO. AN INTRODUCTION TO THE CARBON TAX UNIVERSITY OF WASHINGTON | ENVIRONMENT 439 | WINTER 2017 AN INTRODUCTION TO THE CARBON TAX TODAY'S AGENDA Health effects of CO2 How
ALLIE BULL. LYNN CHAFFEE. OLIVIA CLARK. MARIE JOHANSEN. SOONDUS JUNEJO. UNIVERSITY OF WASHINGTON | ENVIRONMENT 439 | WINTER 2017
AN INTRODUCTION TO THE
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION
TODAY'S Health effects of CO2 How taxes work Initiative 732 Successful carbon taxes Interactive demonstration
AN INTRODUCTION TO THE CARBON TAX
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
WHAT IS
Carbon emission = unhealthy air quality Common air pollutants include carbon monoxide, nitrogen dioxide, and particulate matter Motor vehicles contribute to >50%
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
HOW DOES CO2 AFFECT OUR
headache, fatigue respiratory illness cardio vascular illness gastroenteritis cancer risk nausea skin irritation
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
HOW DOES CO2 AFFECT OUR
yearly deaths globally from outdoor air pollution
value of premature death by outdoor air pollution
3.5 MILLION 50% $1.6 TRILLION
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
LESS CARBON EMISSIONS LEADS TO
Child asthma attacks reduced 43% during week of 1996 Atlanta Summer Olympics Will a carbon tax help us in the same way?
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
AN OVERVIEW OF
CONSUMPTION
TAX
TAX
INCOME
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
CONSUMPTION TAX
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
UPSTREAM DOWNSTREAM
CARBON COMSUMPTION TAXES
Tax consumers at the gas pump, etc. Tax extractors, importers, and refineries
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
WASHINGTON'S FAILED TAX:
Goal: to reduce carbon emissions and accelerate the shift to clean energy
0.425 billion 0.85 billion 1.275 billion 1.7 billion Carbon Tax Tax Cuts 0 billion$25/ton CO2 Cut sales tax $1.3B Manufacturer & working family cuts
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
immediate action
controversial use of revenues
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
CARBON TAX IN
$30 CAD per ton of carbon Estimated revenue = $5 billion CAD Revenue neutral Reduced corporate and personal income tax
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
CAP & TRADE IN
Alternative method to pricing carbon Sets a "cap" on the quantity of GHG emissions
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
CALIFORNIA CAP IS SET
PERMITS TO POLLUTE
allocated or auctioned off to firms
TRADE
between firms far from hitting the cap and those near maximum emissions Goal: "reducing GHG emissions to 1990 levels by the year 2020, and ultimately achieving an 80% reduction from 1990 levels by 2050" CA EPA Air Resource Board
INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION AN INTRODUCTION TO THE CARBON TAX
Efficient Max emissions set = decreasing targets
Possible increased government revenues Companies can "cheat" Little incentive to switch to renewable energy
AN INTRODUCTION TO THE CARBON TAX INTRODUCTION | HEALTH EFFECTS | TAXES | I-732 | SUCCESS STORIES | DEMONSTRATION
AND NOW FOR A DEMONSTRATION
UNIVERSITY OF WASHINGTON | ENVIRONMENT 439 | WINTER 2017 AN INTRODUCTION TO THE CARBON TAX
WORKS CITED
Resources Health Effects http://www.nytimes.com/2001/02/21/health/study-finds-reduced-asthma-during- atlanta-olympics.html https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3196488/ https://www.nytimes.com/2017/02/17/world/europe/london-smog-air-pollution.html? rref=collection%2Ftimestopic%2FGreenhouse%20Gas%20Emissions&action=click&cont entCollection=timestopics®ion=stream&module=stream_unit&version=latest&conte ntPlacement=6&pgtype=collection Taxes http://www.nber.org/papers/w3649.pdf https://www.brookings.edu/on-the-record/the-pros-and-cons-of-a-consumption-tax/ http://www.econport.org/content/handbook/Environmental/pollution-control- revised/Case-study.html I-732 http://www.sightline.org/2016/08/03/weighing-critiques-of-carbonwa-i-732/ https://insideclimatenews.org/news/09112016/washington-state-carbon-tax-i-732- ballot-measure British Columbia https://www.nytimes.com/2016/03/02/business/does-a-carbon-tax-work-ask-british- columbia.html?_r=0 http://e360.yale.edu/features/how_british_columbia_gained_by_putting_a_price_on_carb