Examination of economic consequences of carbon taxes

In a study for the Electric Power Research Institute, CRA examined the economic consequences of carbon taxes at the regional and sectoral levels; assessing the resulting impacts on investment and economics growth; and, tracing the implications on trade and US competitiveness. As part of the study, CRA developed three case studies of three energy-intensive industries: aluminum, steel, and chlorine. CRA estimated the effects on the cost of production in these industries as a function of carbon tax at al production stages.