Sound policy would involve increasing significantly the currently near-zero price of emissions of carbon dioxide and other greenhouse gases.
Responses
© 2025. Kent A. Clark Center for Global Markets.
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79%
Responses weighted by each expert's confidence
© 2025. Kent A. Clark Center for Global Markets.
0%
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2%
10%
89%
Participant |
University |
Vote |
Confidence |
Bio/Vote History |
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![]() Daron Acemoglu |
MIT | Bio/Vote History | ||
The science is very clear. However, carbon tax by itself won't be enough. It should combined with meaningful direct support for clean techs.
-see background information here |
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![]() Joseph Altonji |
Yale | Bio/Vote History | ||
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![]() Alan Auerbach |
Berkeley | Bio/Vote History | ||
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![]() David Autor |
MIT | Bio/Vote History | ||
The most important first step towards slowing global warming.
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![]() Katherine Baicker |
University of Chicago | Bio/Vote History | ||
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![]() Abhijit Banerjee |
MIT | Bio/Vote History | ||
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![]() Marianne Bertrand |
Chicago | Bio/Vote History | ||
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![]() Markus Brunnermeier |
Princeton | Bio/Vote History | ||
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![]() Raj Chetty |
Harvard | Did Not Answer | Bio/Vote History | |
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![]() Judith Chevalier |
Yale | Bio/Vote History | ||
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![]() David Cutler |
Harvard | Bio/Vote History | ||
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![]() Angus Deaton |
Princeton | Bio/Vote History | ||
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![]() Darrell Duffie |
Stanford | Bio/Vote History | ||
The price should be raised much closer to the point at which the negative externality of C02-induced climate change is internalized.
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![]() Aaron Edlin |
Berkeley | Bio/Vote History | ||
Carbon pricing is not the only sound policy. Regulation may play a roll as can cap and trade.
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![]() Barry Eichengreen |
Berkeley | Bio/Vote History | ||
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![]() Liran Einav |
Stanford | Bio/Vote History | ||
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![]() Ray Fair |
Yale | Bio/Vote History | ||
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![]() Amy Finkelstein |
MIT | Bio/Vote History | ||
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![]() Pinelopi Goldberg |
Yale | Bio/Vote History | ||
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![]() Austan Goolsbee |
Chicago | Bio/Vote History | ||
Needs to be global
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![]() Michael Greenstone |
University of Chicago | Bio/Vote History | ||
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Robert Hall |
Stanford | Bio/Vote History | ||
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![]() Oliver Hart |
Harvard | Bio/Vote History | ||
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![]() Bengt Holmström |
MIT | Bio/Vote History | ||
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![]() Caroline Hoxby |
Stanford | Bio/Vote History | ||
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![]() Hilary Hoynes |
Berkeley | Bio/Vote History | ||
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![]() Kenneth Judd |
Stanford | Bio/Vote History | ||
I agree if we mean the world price. This is not rational if ONLY only US (or California) does this. World problems require world policies.
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![]() Steven Kaplan |
Chicago Booth | Bio/Vote History | ||
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![]() Anil Kashyap |
Chicago Booth | Bio/Vote History | ||
Won't be enough, need more energy sources that are not fossil fuel reliant too.
-see background information here |
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![]() Pete Klenow |
Stanford | Bio/Vote History | ||
![]() Jonathan Levin |
Stanford | Bio/Vote History | ||
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![]() Eric Maskin |
Harvard | Bio/Vote History | ||
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![]() William Nordhaus |
Yale | Bio/Vote History | ||
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![]() Maurice Obstfeld |
Berkeley | Bio/Vote History | ||
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![]() Emmanuel Saez |
Berkeley | Bio/Vote History | ||
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![]() Larry Samuelson |
Yale | Bio/Vote History | ||
Bringing the private and social costs of emissions into line via taxes has short and long term efficiency benefits.
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![]() José Scheinkman |
Columbia University | Bio/Vote History | ||
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![]() Richard Schmalensee |
MIT | Bio/Vote History | ||
The price is zero in most of the country, and fossil fuels are still subsidized. Politicians would rather subsidize & regulate than tax.
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![]() Carl Shapiro |
Berkeley | Bio/Vote History | ||
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![]() Robert Shimer |
University of Chicago | Bio/Vote History | ||
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![]() James Stock |
Harvard | Bio/Vote History | ||
A price of ~$40 will make deep reductions in the power sector; elsewhere, it is helpful; but technology & other policies are needed too.
-see background information here |
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![]() Richard Thaler |
Chicago Booth | Bio/Vote History | ||
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![]() Christopher Udry |
Northwestern | Bio/Vote History | ||
Not a difficult question
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