MIT Joint Program/NREL study featured in UN video "The Truth about Carbon Taxes"

A new UN video on climate change explains how carbon pricing can help advance a transition to a low-carbon future. The video features an MIT Joint Program/National Renewable Energy Laboratoray (NREL) study in the journal Climate Change Economics showing how a carbon tax can both accelerate reductions in greenhouse gas emissions and be fair and not hurt low-income households.

The study's researchers (former MIT postdoc Justin Caron, MIT Joint Program Co-Director Emeritus John Reilly, and Stuart Cohen and Maxwell Brown of NREL) performed the analysis by linking a computational general equilibrium model of the U.S. economy (MIT’s U.S. Regional Energy Policy (USREP) model) with a detailed model (NREL’s Regional Energy Deployment System (ReEDS)) of the electricity sector, the largest source of U.S. CO₂ emissions.