- A fee on carbon fuels is the simplest and least expensive way to reduce greenhouse gas emissions.
- A fee would produce revenue needed to reform the tax code, a goal for both major parties, and simultaneously reduce taxes that constrain economic growth, thus promoting job creation.
Is Carbon Pricing Finally Taking Center Stage?
An April 24 New York Times story by Coral Davenport quoted Roome and others on the growing momentum of carbon pricing. “There is now an overwhelmingly obvious scientific consensus that the more carbon pollution we put into the air the more impact it has on warming the massive melting of the Arctic, the cycles of droughts and flooding, the die-offs of coral reefs,” the World Bank’s president, Jim Yong Kim, told Davenport. “And to our economists, who have been studying this for quite some time, there is an equally obvious consensus that putting a price on carbon pollution is by far the most powerful and efficient way to reduce emissions.”