Re:I liked the idea of carbon offsets until I tried to expla...
by EcoMonkey on Monday April 11, 2022 @12:03PM
(#30990699)
I am not an economist, but I'll point out that all of these economists would respectfully disagree with John Cochrane: https://www.econstatement.org/
Including 28 Nobel laureates, former Federal Reserve chairpeople, and a few thousand other economists.
But intuitively, I do agree that simply making carbon more expensive won't work. You have to take the money and inject it back into the economy in a way that alleviates the regressive nature of a plain carbon tax while making the revenue available to boost the low-carbon economy. Carbon dividends, if you trust most economists, is the most efficient way to do that.
Including 28 Nobel laureates, former Federal Reserve chairpeople, and a few thousand other economists.
But intuitively, I do agree that simply making carbon more expensive won't work. You have to take the money and inject it back into the economy in a way that alleviates the regressive nature of a plain carbon tax while making the revenue available to boost the low-carbon economy. Carbon dividends, if you trust most economists, is the most efficient way to do that.