Good Time for Carbon Tax
March 12, 2015
With the recent steep fall in oil prices and associated declines in other energy prices, the stars are aligned for adopting a carbon tax on consumption of fossil fuels, Lawrence Summers, a former treasury secretary and presidential adviser, says in the Washington Post. While favoring such a move, two economists have argued in Issues for even broader changes in tax policies, such as ending various energy supply subsidies, to maximize reductions in carbon emissions linked to global climate change.