This week's US Economic Experts Panel statements:
Sound policy would involve increasing significantly the currently near-zero price of emissions of carbon dioxide and other greenhouse gases.
Keyword: cap-and-trade
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This week’s IGM European Economic Experts Panel statements:
A) The European Union goal of reaching net zero emissions of greenhouse gases by 2050 will be a major drag on economic growth.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
C) A carbon border tax targeting imports from non-EU countries with less strict climate policies is likely to harm developing economies.
This week's IGM Economic Experts Panel statements:
A) Considering a broad range of costs and benefits is a better tool for guiding climate policy than setting temperature limits (such as 1.5 °C, eg) based on expected links between temperature increases and the extent of environmental harm.
B) Carbon taxes are a better way to implement climate policy than cap-and-trade.
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