Tax Reform to Warm Less and Work More

Publication name: 
Reuters
Author: 
Rob Wolcott
Release Date: 
December 15, 2015

The climate agreement reached in Paris is a great leap forward, but it’s widely acknowledged that it lacks specificity about how we’ll achieve the aspiration to keep global warming to 1.5 degrees Celsius. The mechanisms by which the US (and other countries) will accomplish it remain to be worked out.  While US negotiators purposefully steered clear of provisions that would require specific actions from Congress, at his press conference during the first week of the Paris climate talks, President Obama did say a carbon tax would be the most “elegant” policy solution, incentivizing business and industry to reduce costs by innovating and finding cleaner systems.  [ Full article. ]