New RFF analysis shows carbon tax is necessary complement to CEPP / tax credits

“New analysis from a team at Resources for the Future (RFF) finds that a carbon price alongside a clean electricity performance program and clean energy tax credits could help the United States halve emissions–but without a carbon price or other substantial climate policies, reductions fall short.”  See RFF paper entitled “Emissions Projections under Alternative Climate Policy Proposals” — and particularly the RFF graph copied and pasted in below.

Note the limited effect of CEPP and CEAA (2nd line from top), versus an economy-wide carbon fee (solid green line).

Also note that the bottom line (dashed green line) shows that CEAA and CEPP would only modestly add to GHG reductions from an economy-wide carbon price.   For the full RFF analysis, see
https://www.rff.org/publications/https://www.rff.org/publications/issue-briefs/emissions-projections-under-alternative-climate-policy-proposals/-briefs/emissions-projections-under-alternative-climate-policy-proposals/

“and see this graph especially: