Carbon fees as high as $35 per metric ton could decrease U.S. energy-related carbon dioxide (CO2) emissions by as much as 19% compared to 2020 levels, according to analysis from the U.S. Energy Information Administration (EIA). In its Analysis of Carbon Fee Runs Using the Annual Energy Outlook 2021, EIA projects that U.S. energy-related CO2 emissions would decrease the most in the first 5-10 years but decrease at a significantly slower rate beyond that period.

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