CO2 Tax should impact the efficacy of welfare and reduce its value (especially at a higher tax value). As seen in this study here:
How does carbon tax affect social welfare and emission reduction in Finland? - ScienceDirect
CO2 Tax should impact the efficacy of welfare and reduce its value (especially at a higher tax value). As seen in this study here:
How does carbon tax affect social welfare and emission reduction in Finland? - ScienceDirect
Hmm, it seems that the link is broken. Could you elaborate on what you mean when you say that the CO2 tax would impact welfare?
I put in the good link, sorry about that guys!
In short, the study finds that an example CO2 tax of $80 per ton leads to a per capita reduction in welfare of $329 (the study country is Finland).