Vice President and Director of the Economic Studies program and Joseph A. Pechman Senior Fello
A carbon tax, in which the revenues are used to off set economically harmful taxes or to pay down our deficit, would substantially low er the cost of climate policy compared to a cap-and-trade program that gives away allowances for free.
Professor of Behavioral Science and Economics, faculty director
Consider a recent poll of a panel of economists conducted by the University of Chicago Booth School of Business, where I teach… [Forty-one] economists in [a poll conducted by the] University of Chicago … were asked whether they agreed with this statement: ‘A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such ...See More
Congress should consider an appro- priate price on pollution from power production to level the playing field; create consistent market pull; and ex- pand research, development, and commercialization of increasingly clean energy resources and technologies.
Thomas D Cabot Professor of Public Policy, Harvard University, former chief economist IMF, Int
As for the US, a sharp hike in energy taxes on gasoline and other fossil fuels would not only help improve the government’s balance sheet, but it would also be a way to start addressing global warming.
The Houston Chronicle is the largest daily newspaper in Houston, Texas
First, there needs to be a national tax on carbon emissions. This policy has nearly across-the-board support from environmental and business groups, including Exxon, as a way to put a transparent cost on the collective harm of carbon emissions and create a market incentive for cleaner energy sources.