Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 52 , 01 December 2023
Open
Access | Article
Impact of Climate Policies on Occupations in the United States
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Abstract
Climate policies benefit the environment, but they can also incur costs in the economy. This paper examines two climate policies, which are carbon tax and cap and trade, and focuses on the impact of carbon tax and cap and trade on occupations in the United States, since different states in the U.S. implement different climate policies. The study finds that carbon tax and cap and trade benefit green occupations, skilled occupations, and large-sized firms and damage non-green occupations, unskilled occupations, and small and middle-sized firms. By analyzing and comparing the employment rate of occupations in each category, this study determines that climate policies stifle occupations, but not all types of occupations, and when certain premises are met, carbon tax creates occupations. This research paper contributes to the literature by exploring the costs of carbon tax and cap and trade and helps the public to respond to environmental issues more effectively.
Keywords
climate polices, carbon tax, cap and trade, employment rate
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-151-3
- ISBN (Online)
- 978-1-83558-152-0
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/52/20230704
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited