A 2013 report from REMI, a consulting firm commissioned by Citizens Climate Lobby, shows that taxing carbon and rebating all of the revenue back to families is a net benefit for the U.S. economy (in each year, economic output is higher than in a scenario without the policy).
The report finds that this "carbon fee and dividend" approach reduces five times as much carbon emissions in 2030 than the Clean Power Plan.
The report also shows that the policy can prevent over 13,000 premature deaths and give the average family of four a $350 monthly check to compensate them for higher energy prices by 2030.
Citibank estimates that global damages from doing nothing to reduce greenhouse gas (GHG) emissions range from $5 to $44 trillion of net present value (global GDP is currently $80 trillion), noting that these estimates likely undercount the true value of total damages.
The study estimates that the cost of investments to reduce GHG emissions range from $2 to $5 trillion of net present value.
The study also shows that the return on investment in reducing GHG emissions ranges from between 3% and 10% by 2040.