Achieving U.S. Emissions Targets with a Carbon Tax
This report by the World Resources Institute (WRI) provides insights on how incorporating a emissions target mechanism into a strong national carbon tax can help ensure intended emission cuts are achieved. This mechanism establishes predictable ways of adapting the carbon pricing program over time to respond to any shortfall in emissions reductions. The report describes a basic two-step process– periodic evaluation of whether emissions reductions are on track to meet targets followed by an adjustment mechanism if reductions are less than anticipated. The report is available to download on the WRI website.