Kroll Bond Rating Agency (KBRA) releases research comparing two carbon pricing policy options: a carbon tax and cap-and-trade program. The report also discusses potential credit implications for project finance transportation, electricity generation, and midstream industries.
As atmospheric concentrations of carbon dioxide (CO2) continue to rise, climate change is projected to accelerate, pressuring regulators and government agencies to find cost-effective solutions to reduce emissions. In the U.S., fossil fuel combustion is the largest source of greenhouse gas (GHG) emissions and the primary source of CO2. The transportation sector is the largest emitter of energy-related CO2 emissions in the country, followed by the electric power and industrial sectors. For many economists and policymakers, the best way to shift away from fossil fuels and reduce emissions is to put a price on carbon.
Click here to view the report.
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About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA's ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
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