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THE ECONOMIC BENEFITS OF THE NEW CLIMATE ECONOMY IN RURAL AMERICA
The report analyzes how a $55 billion annual federal investment in clean energy and land restoration could generate nearly 260,000 rural jobs and $21.7 billion in annual value added for rural US economies. It identifies seven priority investment pathways: renewable energy, energy efficiency, grid modernization (transmission, distribution, and storage), environmental remediation of fossil fuel sites, tree restoration on federal and non-federal lands, and wildfire risk management. The analysis emphasizes that nearly 45% of these jobs would benefit economically disadvantaged rural counties. The document provides specific state-level data and proposes federal policy vehicles, such as tax credits and grant programs, to catalyze these investments.
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Document type: Research paper
Local air pollution and global climate change taxes: a distributional analysis
The study finds that taxes on local air pollutants are more regressive than those on climate change pollutants because they increase the prices of basic necessities, such as food and electricity, which occupy a larger share of low-income household budgets. While a CO2 tax was found to be nearly proportional across income deciles, the LAP tax disproportionately affected the poorest households. Revenue recycling through reduced social security contributions improved overall economic efficiency but tended to worsen the distributional equity, particularly for the GCC tax scenario.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper