Carbon regulation affects the lowest income group not corporations - This needs to change

03/03/2014 - 00:00

BY CLIFTON B. PARKER -

Stanford research reveals that it is ultimately people – not corporations – who would bear the costs of climate change regulation. Under a hypothetical carbon tax, households in the lowest income group would pay as a percent of income more than twice what households in the highest 10 percent of income distribution pay. The findings suggest a fairer way to regulate greenhouse gases in the United States.

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