Would A Green New Deal Add Or Kill Jobs?

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Marilyn Brown, Regents' and Brook Byers Professor of Sustainable Systems in the School of Public Policy, and SPP Ph.D. student Majid Ahmadi co-wrote the commentary "Would A Green New Deal Add Or Kill Jobs?" in Scientific American on Dec. 17, 2019.

Excerpt:

Analyses of carbon-tax impacts on U.S. employment are sparse because of the limited history of existing tax schemes. Yet we can assess job impacts by using what is known as a computable general-equilibrium energy-economy model—in particular, the National Energy Modeling System (NEMS), which was created by the U.S. Energy Information Administration (EIA). For more than a decade, the Georgia Institute of Technology has used its version of that model, known at GT-NEMS, to forecast the impacts of energy and climate policies.

The GND that we modeled starts in 2020 with a tax of $60 levied on each metric ton of CO2 emitted by the U.S. energy system. The tax is set to increase annually at the rate of inflation, plus 5 percent. We also examined a carbon tax starting at $25 and growing at the same rate, allowing a more moderate price to be compared with a higher tax. By 2030, the $25 tax would be $41 per metric ton of CO2 emitted, and the $60 tax would be $98. By 2050, the two taxes would rise to $108 and $259, respectively.

Read the full article here.

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School of Public Policy

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Marilyn Brown, climate change, energy policy, Georgia Tech Ivan Allen College of Liberal Arts
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  • Created On: Jan 7, 2020 - 1:47pm
  • Last Updated: Jan 7, 2020 - 1:54pm