White House-Backed Carbon Tax in Sight for Biden’s Climate Bill
- U.S. senator says 49 members support almost $20 per-ton tax
- Biden tax-and-spending plan to include climate provisions
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The White House and at least 49 senators support a proposal to impose an almost $20 per-ton fee on carbon as part of President Joe Biden’s climate-and-spending legislation, U.S. Senator Sheldon Whitehouse said Saturday.
Under the initiative, the cost on carbon dioxide emissions would start at less than $20 per ton and increase over time, with revenue possibly rebated back to some consumers or dedicated to help fossil fuel workers amid the transition to clean energy, Whitehouse said on the sidelines of the COP26 climate conference in Scotland on Saturday.