Carbon tax funded research starting to pay dividends Carbon tax funded research starting to pay dividends - Fort Saskatchewan Record - Alberta, CA I favor carbon taxes, but would rather tax the fuel than the emissions. It is interesting to see programs like this producing good results. Let's see, if a ton of coal produces about 3 tons of carbon dioxide, depending on the type of coal and how its combusted. at the above prices that would equal about 45$ per ton of coal which is very close to the 50$ per ton of coal that I have long argued for as an initial standard carbon tax. I also like the idea of a seperate non-governmental body acting as the recipient and administrator of the carbon tax funds. Personally, I've advocated for a Carbon bank that would divide the funds between research and corporate/private loans/investments towards alternative fuels and energy efficiency technologies.