March 4th, 2019

The Green New Deal isn’t outlandish — it’s a necessity

Climate Change & Environment

Economics & Politics

A recent Washington Post editorial and a letter by leading economists suggest that a carbon tax is the “best first-line policy.”

The editorial argues that “a high-enough carbon price would shape millions of choices, small and large, about what to buy, how to invest and how to live that would result in substantial emissions cuts.” It sounds plausible, yet it’s not the right way to approach the problem.

Let me start with a close analogy. In the 1980s, scientists realized that chlorofluorocarbons (CFCs) were destroying the stratospheric ozone layer, at great peril to humanity. CFCs needed to be replaced by safer chemicals.

To do so, the world’s government’s adopted the Montreal Protocol, which set a timeline to replace CFCs mainly by other fluorine gases without the ozone-destroying properties. That treaty has worked. CFCs are no longer used. The ozone layer is gradually being restored.

Read the entire article on The Hill here.

 

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