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The growing gap between the U.S. carbon price ($0) and that of our trading partners is causing the U.S. to miss out on the biggest economic opportunity of this century - leadership of the next technological revolution in human civilization. As a result, China is now getting the economic benefits of being the global leader in producing and selling wind and solar power solutions, EVs, and batteries.
A steadily rising federal carbon fee on fossil fuel production would put the U.S. back in the race by unleashing private investment and innovation in solutions, accelerating their production and deployment, and reaping the cost-reducing benefits of economies of scale. It would also harmonize U.S. climate policy with the policies of our major trading partners. The cash-back approach makes it affordable to families, transferring polluter profits to all citizens. It puts more money in most people's pockets, which makes the policy popular.
Carbon pricing is spreading, prices are rising, and CBAMs are coming. Until the U.S. closes the growing carbon price gap with our major trading partners, we will pay a growing number of them the difference through their CBAMS in trade. When we close this gap, a U.S. CBAM will push our price worldwide, giving U.S. manufacturers a competitive advantage and putting the world on track to achieve science-based pollution reduction goals.
Resources
Resources
Article: bit.ly/carbon-price-gap-article
Published in the Green Energy Times (July 2025, page 17)
and the Concord Monitor (Opinion, July 31, 2025)
One-pager (+supporting pages): bit.ly/carbon-price-gap-pdf
1-Hour Recording (bit.ly/carbon-price-gap-2025):
35-Minute Recording (CCL 3rd Coast Plus Region - C&C):
5-Minute Recording (bit.ly/carbon-price-gap-2024):
The IPCC on Carbon Pricing
The IPCC on Carbon Pricing
“Explicit carbon prices remain a necessary condition of ambitious climate policies” - IPCC SR15
"Carbon pricing is most effective if revenues are redistributed or used impartially... A carbon levy earmarked for green infrastructures or saliently returned to taxpayers corresponding to widely accepted notions of fairness increases the political acceptability of carbon pricing." - IPCC AR6 WG3 TS PDF page 81.
“Estimates for a Below-1.5°C pathway range from 135–6050 USD2010 tCO2-eq −1 in 2030, 245–14300 USD2010 tCO2-eq−1 in 2050, 420–19300 USD2010 tCO2-eq −1 in 2070 and 690–30100 USD2010 tCO2-eq −1 in 2100.” - IPCC SR15
World Bank: State and Trends of Carbon Pricing
World Bank: State and Trends of Carbon Pricing
Carbon pricing is spreading, prices are rising, and CBAMs are coming. The World Bank's State and Trends of Carbon Pricing 2025 report provides a global view: 28% of the world's greenhouse gas emissions are now under a carbon price.
The EU CBAM starts in January 2026, the UK CBAM starts in 2027, and Japan's CBAM starts in 2027. Canada, Australia, and others are working on CBAMs as well.
“Carbon pricing is a critical part of the policy mix needed to both meet the Paris Agreement goals and support low emissions growth.” - World Bank
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