Full Title: Are Economists Wrong About Carbon Pricing?
Author(s): Ed Dolan
Publisher(s): Niskanen Center
Publication Date: March 24, 2022
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Economists often find themselves on the defensive in debates over climate policy. Their favorite tools, carbon taxes and emissions trading, are viewed as dangerous political distractions. “Climate economists have blown it pretty comprehensively,” writes one critic. Some of the criticism is deserved. This report identifies several areas in which economists have either missed the point or at the very least failed to make themselves understood. It offers suggestions both for modifying the market-based policies widely favored by economists and for presenting them in a way that is more in tune with the views of the larger climate community.