Full Title: THE CONSERVATIVE CASE FOR CARBON DIVIDENDS
Author(s): James A. Baker, III, Martin Feldstein, Ted Halstead, N. Gregory Mankiw, Henry M. Paulson, Jr., George P. Shultz, Thomas Stephenson, Rob Walton
Publisher(s): Climate Leadership Council
Publication Date: February 1, 2017
Full Text: Download Resource
Description (excerpt):
Mounting evidence of climate change is growing too strong to ignore. While the extent to which climate change
is due to man-made causes can be questioned, the risks associated with future warming are too big and should be
hedged. At least we need an insurance policy. For too long, many Republicans have looked the other way, forfeiting
the policy initiative to those who favor growth-inhibiting command-and-control regulations, and fostering a needless climate divide between the GOP and the scientific, business, military, religious, civic and international mainstream.
Now that the Republican Party controls the White House and Congress, it has the opportunity and responsibility to promote a climate plan that showcases the full power of enduring conservative convictions. Any climate solution should be based on sound economic analysis and embody the principles of free markets and limited government. As this paper argues, such a plan could strengthen our economy, benefit working-class Americans, reduce regulations, protect our natural heritage and consolidate a new era of Republican leadership. These benefits accrue regardless of one’s views on climate science.