Bloomberg Law
April 30, 2021, 9:30 AM

Carbon Taxes Cut Emissions, Not Jobs or Growth: Green Insight

Gernot Wagner
Bloomberg Editorial

It’s easy to poke fun at some economists’ apparent obsession with carbon taxes as the sole climate policy tool. Some appear to revel in making the case that we should tax carbon and only tax carbon. Meanwhile, it’s clear that carbon taxes alone aren’t enough, because more must be done than “just” price the negative emissions externality, and because of politics. Taxing something bad might be objectively good, but “tax” still appears to be a four-letter word in Washington, D.C.

But among all of these arguments, it would be too easy to overlook a simple fact: carbon taxes, done right, ...

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