Real-World Barriers to Carbon Pricing
Economists’ ‘One-Page’ Climate Plans Won’t Work
Ask an economist how to combat climate change, and you’re likely to get a pretty simple answer: put a price on carbon.
“If you let the economists write the [climate] legislation, it could be quite simple,” MIT business school economist Henry Jacoby told NPR last year, implying that the whole plan to curb greenhouse gas emissions could “fit on one page.”
In short, tax fossil fuels in proportion to the amount of carbon they release. Make coal, oil and natural gas more expensive. “That’s it; that's the whole plan,” as NPR’s David Kestenbaum put it.