Hansen to Obama Pt II – Carbon tax with 100% dividend

In Part II, Hansen looks at policy options required to drag us out of the Sustainability Emergency. It is self-explanatory, but I thought it worth adding some notes on a cap-and-trade versus a carbon tax. Which is better? Cap-and-Trade. Pros: (i) Cap reductions ensure falling emissions – in theory; (ii) Reduces inefficiencies or overpricing; (iii) […]

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