Carbon tax profile for Louisiana (Scott Strang, previous version byPaula Rhyne)

Louisiana
1990
2007
% change 1990-2007
Fossil fuel CO2 emissions, in millions of metric tonnes[1]
191.8
194.9
+2%
Fossil fuel CO2 emissions, in millions of short tons[2]
211.4
214.9
+2%
Population, in millions[3]
4.2
4.3
+2%
Per capita CO2 emissions, in short tons
50.1
50.1
0%

Per capita emissions in Louisiana in 2007 were considerably higher than the U.S. average, which was 21.45 short tons per capita.[4] This was probably because Louisiana ranks fourth among the States in crude oil production.[5] The only port in the United States that is able to accommodate deepdraft tankers is the Louisiana Offshore Oil Port (LOOP) which accommodates about one-fifth of all foreign crude oil processed in the United States.[5] The per capita emissions is also considerably higher in Louisiana because the state's industrial energy consumption is second in the States, just behind Texas.[6]

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 $5.8 billion in 2007 (about $1,363 per person), assuming a 20% reduction in emissions. Even if the tax were only $10 per short ton of CO2, it would have still raised $2.1 billion (about $500 per person), assuming no reduction in emissions.

For comparison purposes, in 2007 the state portion of the income tax generated about $3.8 billion, the state sales tax generated about $2.8 billion, and the state's total projected revenue from taxation was about $7.9 billion.[7] So a carbon tax of $30 per short ton of CO2 could have replaced most of the state's revenue from taxation.

In 2005, Hurricane Katrina devastated the State of Louisiana. The Federal government spent over $21 Billion rebuilding critical infrastructure, schools, and homes in 2007.[8] If Louisiana had implemented a carbon tax in 2007 and put all the revenue toward a similar fund, the total would have been over $26 billion placed toward rebuilding efforts.

carbon emissions

  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 299.4 million in 2007 provided by: http://www.infoplease.com/ipa/A0004986.html U.S. carbon emissions of 6.317 billion tons of CO2 from EPA,http://www.epa.gov/climatechange/emissions/downloads/CO2FFC_2007.pdf.
  5. ^ See the State of Louisiana profile from the EIA, http://tonto.eia.doe.gov/state/state_energy_profiles.cfm?sid=LA.
  6. ^ See the State of Louisiana profile from the EIA, http://tonto.eia.doe.gov/state/state_energy_profiles.cfm?sid=LA.
  7. ^ These Louisiana State figures come from Louisiana State Office of Planning and Budget through the Division of Administration, http://doa.louisiana.gov/OPB/pub/FY08/FY08%20SBD%20-%20part%202.pdf
  8. ^ http://www.nationalservice.gov/about/newsroom/releases_detail.asp?tbl_pr_id=794