Hansen vs Krugman

A pretty good way to contrast and compare the carbon tax with cap and trade. Hansen's core case:

A gradually rising carbon fee would be collected at the mine or port of entry for each fossil fuel (coal, oil and gas). The fee would be uniform, a certain number of dollars per ton of carbon dioxide in the fuel. The public would not directly pay any fee, but the price of goods would rise in proportion to how much carbon-emitting fuel is used in their production.

At some point, the public decides to switch to cheaper, greener goods. Krugman's response is that cap-and-trade is a de facto kind-of-carbon fee (except with a mountain of regulation, speculation in selling pollution permits, and the possibility of just moving carbon emissions around - through dubious off-sets -  rather than reducing them). But Krugman's core point is political: cap and trade is all our system can achieve; it's that or nothing; so shut up.

I hope Hansen doesn't shut up. His proposal is simpler, clearer, fairer and more likely to wean us off carbon sooner.

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

Video

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well.

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

Just In