Rather than focus on regulations or subsidy spending which have both failed to get us close to our goals to hold warming to 1.5°C, I hope the next Administration that is elected to address AGW will list to economists and close the growing US carbon price gap with a cash-back carbon fee on fossil fuel production and imports and a CBAM.
“We cannot solve the climate crisis without effective carbon pricing.” - US Treasury Secretary Janet Yellen
"Explicit carbon prices remain a necessary condition of ambitious climate policies” - IPCC SR15
"Carbon pricing is most effective if revenues are... returned to taxpayers corresponding to widely accepted notions of fairness" - IPCC AR6 WG3 Box 5.11
Thank you. The stakes are too high to give up now.
Rather than focus on regulations or subsidy spending which have both failed to get us close to our goals to hold warming to 1.5°C, I hope the next Administration that is elected to address AGW will list to economists and close the growing US carbon price gap with a cash-back carbon fee on fossil fuel production and imports and a CBAM.
“We cannot solve the climate crisis without effective carbon pricing.” - US Treasury Secretary Janet Yellen
"Explicit carbon prices remain a necessary condition of ambitious climate policies” - IPCC SR15
"Carbon pricing is most effective if revenues are... returned to taxpayers corresponding to widely accepted notions of fairness" - IPCC AR6 WG3 Box 5.11
About Carbon Fee and Dividend: https://carboncashback.org/carbon-cash-back
About the growing US carbon price gap (and how and why we need to close it): https://bit.ly/carbon-price-gap-pdf
Fantastic conversation, Ayana! Loved hearing you and Gina singing together. Never pave paradise!