Environment & Energy

What a carbon tax would mean for Washington’s economy

Preliminary calculations show that a Washington carbon emissions tax would slow the state economic growth in the long run. But the short-term economic impact appears negligible.

Economists from the Washington Office of Financial Management presented two scenarios to a climate change advisory task force in Seattle on September 9, 2014. The scenarios, based on computer simulations, were not actual plans and each came with some caveats. But they provided some insights into the effects of a carbon emissions tax on the state’s economy.