Irrefutable Logic of a Carbon Tax (U.S. News & World Report)


In an opinion piece in U.S. News & World Report, Professor Charles Wheelan ’88 asks why there is still a debate in the U.S. about climate change policy.

“Most experts believe that carbon emissions are changing the planet in ways that will prove harmful; there is a nonzero possibility that these changes could interact in ways that are catastrophic,” writes Wheelan, a senior lecturer and policy fellow at the Nelson A. Rockefeller Center for Public Policy and the Social Sciences and a senior lecturer in the Department of Economics.

A tax on carbon emissions could serve as “a form of insurance,” he writes. “Would any sensible financial analyst hesitate to spend 3 percent of his portfolio to protect against a contingency that economists are warning could wipe away much of the principal?”

Read the full opinion piece, published 2/18/14 by U. S. News & World Report.

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