Revenue generation has a minimal impact on the efficacy of the carbon tax and UBI.
Noah Kaufman et al 20, an economist who has worked under President Biden as a Senior Economist at the Council of Economic Advisers. He received his BS in economics from Duke University, and his PhD and MS in economics from the University of Texas at Austin. John Larsen is a director at Rhodium Group and leads the firm’s US power sector and energy systems research. Ben King is a research analyst at Rhodium Group, focusing on US energy policy and markets. Peter Marsters is a former Research Associate at the Center on Global Energy Policy at Columbia University SIPA, "Output-Based Rebates: An Alternative to Border Carbon Adjustments for Preserving US Competitiveness," 12/03/2020, https://www.energypolicy.columbia.edu/publications/output-based-rebates-an-alternative-to-border-carbon-adjustments-for-preserving-us-competitiveness/
But it is not the open-and-shut case that the consensus in current proposals might suggest. Policy makers may wish to consider output-based rebates, which are not included in the recent proposals to Congress, as an alternative to BCAs for the following reasons:
OBRs avoid the complexities of determining the carbon content of foreign goods;
OBRs avoid the complexities of accounting for foreign regulations;
Due to the reduced administrative complexity, a larger portion of industries could receive OBRs than BCAs;
The revenue requirements are arguably small (perhaps 3 to 10 percent of total carbon tax revenue using the precedents of Waxman-Markey).