Democratic successes in last week’s elections have encouraged environmental groups to consider advocating for more aggressive action on climate change, including renewed interest in a proposal to tax the carbon content of fuel. As negotiations regarding the fiscal cliff’s automatic tax hikes and spending cuts begin, some see an opportunity to propose carbon taxes as a potential source of revenue for the government, though the Administration has indicated that they will not pursue a carbon tax during negotiations. According to analysts’ predictions, a carbon tax could raise between $80 billion and $90 billion in its first year.