Carbon tax profile for Florida (Danielle Chung; previous version byApril S. Johnson)

Florida
1990
2007
% change 1990-2007
Fossil fuel CO2 emissions, in millions of metric tonnes[1]
188.2
256.3
+36.2%
Fossil fuel CO2 emissions, in millions of short tons[2]
207.4
282.4
+36.2%
Population, in millions[3]
12.9
18.3
+41.9%
Per capita CO2 emissions, in short tons
16.1
15.4
-4.3%

Per capita emissions in Florida in 2007 were lower than the U.S. average, which was 21.4 short tons per capita.[4] Florida's large population and tourism industry consume the majority of the state's energy through using electricity as their primary energy source for both cooling and heating residential homes, and petroleum-based fuels to support related tourism travel, including airplanes and automobiles.[5]

Assuming a 10% reduction in emissions, a carbon tax of $30 per short ton of CO2 (about $0.30 per gallon of gasoline, or about $0.03 per kWh of coal-fired power) would have raised about $7.6 billion in 2005 (about $417 per person).[6]

For comparison purposes, in 2007 Florida generated:
  • $2.4 billion communications services tax
  • $2.4 billion in corporate income and excise (business) tax
  • $3.1 billion in documentary stamp tax
  • $22.8 billion in state sales and use tax. [7]
In fiscal year 2007, Florida's Department of Revenue reported real property taxes resulted in $30.4 billion for the state.[8]

A carbon tax of $30 per short ton of CO2 could (assuming a 10% reduction in emissions) have replaced, separately, the entire amount generated by the communications services tax, the corporate income and excise tax, or the documentary stamp tax, or 96.2% of all three tax streams combined. Or it could have replaced 33% of the sales and use tax.
  1. ^ From EPA, “State CO2 Emissions from fossil fuel combustion, 1990-2007”, linked from here.
  2. ^ 1 metric tonne equals 1.1023 short tons.
  3. ^ 2007 population from the U.S. Census Bureau, http://www.census.gov/popest/states/NST-ann-est.html. 1990 population from U.S. Census Bureau, http://www.census.gov/popest/archives/1990s/ST-99-02.txt.
  4. ^ U.S. population of 301.6 million in 2007 from U.S. Census Bureau, http://www.census.gov/popest/states/NST-ann-est.html. U.S. carbon emissions of 5.757 billion tonnes (or 6.346 billion short tons) of CO2 from EPA's 2010 U.S. Greenhouse Gas Inventory Report.
  5. ^ EIA state profile
  6. ^ Math shown: A 10% reduction of 2007 emissions would result in a loss of 28.25 short tons bringing the new total of emissions to 254.34 million. Multiply this new emission total by the $30 tax per short ton of CO2 emissions for the total amount generated by the tax. Determine a new per capita emission of CO2 with the revised total emission of 254.34 divided by the population of 18.3 million for an answer of 13.9 short tons. Multiply the revised per capita emission of 13.9 short tons by the $30 tax to receive $417 per person.
  7. ^ State of Florida, Department of Revenue, Revenue Collection Report, June 2007 & FY 2007 Summary, page 3, linked fromhttp://dor.myflorida.com/dor/taxes/distributions.html.
  8. ^ Florida Department of Revenue, 2006-2007 Annual Report , Property Tax Administration, linked fromhttp://dor.myflorida.com/dor/report/2006_2007/ . Earlier annual reports not available online.