The second thing to realise is that climate change activists understand even less about how the economy works.
So, when the two ignorant groups are combined, CO2 emission reduction advocating economists are plain clueless – and destructive.
Putting a price on carbon only works if there are emissions reductions which can be made.
… economists and climate advocates are often talking past each other. …
The goal is not to reduce current emissions a little but instead to reduce future emissions a lot.
… large-scale vehicle emissions reductions … requires getting Americans to switch from internal combustion engine vehicles to electric or other alternative-fuel vehicles.
In principle, a carbon price could drive that shift [ ] by raising gasoline and diesel prices so high that drivers switch to EVs [electric vehicles]. But, in addition to the political challenges of imposing high carbon prices, that approach is likely to cost more than other strategies...<<<Read More>>>....