“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.
