Economics, Energy and the Environment, Pethokoukis

The tiny little problem with carbon taxes

Economists frequently offers carbon taxes as a market-friendly policy for dealing with climate change. It’s pretty simple: tax what you don’t want (or as an economist would put, tax unwanted externalities.) And if you want less fossil fuel consumption and the carbon emissions that go with it, make coal, oil and natural gas more expensive with a levy. But there is a slight– I feel embarrassed even to mention it — problem with carbon taxes, according to Jesse Jenkins of the Breakthrough Institute. read more >

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Economics, Energy and the Environment

John Kerry has jumped ‘Jaws’

Amid all the threats, tragedies, sufferings, violence, and ghastliness afflicting the Muslim world, Mr. Kerry makes it explicit that “climate change is, in the long run, one of the greatest challenges that we face,” the “we” resulting from the eternal truth that “our fates are inextricably linked on the environment,” and “Muslim-majority countries are among the most vulnerable.” read more >