- B99 -

Carbon Tax Center Pricing carbon efficiently and equitably The Inflation Reduction Act of 2022 unveiled in late July by Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin and passed by Congress with zero Republican votes and signed by President Biden in early August is in some ways the antithesis of carbon pricing. Rather than making dirty fossil energy costlier in From 2000 to 2020 China increased its electricity generation from coal nearly fivefold while the U. S. cut the size of its coalfired power sector by 60 percent.