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In praise of a Carbon Tax

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There's a nice "interview" on the Technology Review web site herewith Gilbert Metcalf, an economist at Tufts University. Dr. Metcalf advocates for a carbon tax on fossil fuels.

I happen to be a big fan of carbon tax, also. However, my opinion is largely intuitive, while Dr. Metcalf is able to explain with appropriate economic theory the strengths and weaknesses of a carbon tax, especially in contrast with cap-and-trade system.

More, below.


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