, arguing that something bolder that captures the imagination is necessary. Evan Weber, national political director of the Sunrise Movement and an ally of Rep. Alexandria Ocasio-Cortez , recently told POLITICO that “the idea that [a carbon tax is] the way out of this mess is something we need to be pushing back on,” and he specifically cited its costs: “We haven’t even priced the policy at where economists say it needs to be.
If you can’t count benefits, how do you evaluate a program at all? Scholars of carbon tax begin by identifying a particular target of carbon emissions reduction to hit, and they crunch the numbers to figure out what the most cost-effective policy would be to hit that target. It’s a perfectly rational strategy given the uncertainty. The problem is that it penalizes policies that might have very dramatic effects on reduction of carbon emissions.
It’s difficult to evaluate exactly how much of the emissions reduction is due to the carbon tax because of all the uncertainties about what effects carbon tax has on behavior. But we do know that people are most likely to reduce a certain behavior in response to a tax if they have a substitute available for the thing being taxed.
In the end, cost-benefit analysis of carbon tax is pretty good at accounting for costs but not very good at weighing benefits. If you’re just trying to figure out the most economically cost-effective way to hit a particular emissions reduction target, this type of analysis can help you pick the best of several policy options. What it can’t do is take into account the benefits of the goal itself or tell you how to reach the goal faster.
Do nothing and die of pollution related illnesses or clean our act up. I like to breathe...you?
Solar is already cheaper than fossil fuels. Making fossil fuels more expensive isn't going to curb emissions, it'll raise energy prices. Regulation, on the other hand, will lower emissions AND lower prices as energy companies are forced to move to cleaner, cheaper forms of energy
All young foolish people that obviously haven’t taken the time to realize this would DESTROY AMERICA! So all you kiddies would either be dead , starving moving to another country to invade them or whatever. Your parents can’t help you then!
So carbon taxes will (potentially) curb climate change. Are China, India and other large polluters on board? Betting no. It's a GreenPipeDream
My question is who's going to get the money?
P.S. A carbon tax is not enough to reach the Paris goal...see for yourself in the climateinteract en-roads model.
Yes. But perhaps the threat of the New Green Deal will convince everyone to back carbon taxes as a compromise?
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