Nordhaus on Energy Economics

A smart friend recommends this article past times Yale economist Bill Nordhaus.  The Pigou Club endorses the conclusion:

The involve for taxes on liberate energy externalities such equally carbon emissions is key to our might to trim the harmful side effects of economical growth. It is blast how the political dialogue inwards the the States has ignored a policy that has in addition to thus many desirable features. Perhaps, inwards the almost future, faced amongst the deadline of a dire economical situation, negotiators volition formulate such a policy. It would generate substantial revenues spell bringing in addition to thus many long-run economical in addition to environmental benefits. Simply put, externality taxes are the best financial musical instrument to utilize at this time, inwards this country, in addition to given the financial constraints faced past times the US.

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