The Hill: The Congressional Budget Office (CBO) noted Wednesday that a carbon tax could generate significant revenues for the United States and avert catastrophic effects of climate change.
CBO said in a new report that there are many uncertainties about how to design and implement a carbon tax, but waiting too long to curb greenhouse gas emissions would have clear results.
[D]elays would increase the expected damage from climate change by increasing the risk of very costly, potentially even catastrophic,...