Yale Economist William Nordhaus on Carbon Tax
Tags: bc carbon tax, bc election 2009, bc ndp carbon tax, EU, Kevin Grandia, nicholas stern carbon tax, william norhaus
Given the debate over BC's carbon tax, we thought we would search about for some expert opinion on carbon emission policy. Few leading thinkers present the issue as an either/or carbon-taxes-or-cap-and-trade option. Most policy analysts favour using both instruments.
An exception is Dr. William Norhaus, the renowned Professor of Economics at Yale University, who recently called for "an internationally harmonized system of carbon taxes."
This, Nordhaus said, would be much more efficient than an international patchwork of emissions caps; small countries wouldn't have to worry about achieving certain emissions levels and the system would be much less prone to corruption or cheating.
Most importantly, Nordhaus said, Taxes, "while hated," are a long-standing and "proven" financial instrument.
This article is another in Desmogblog's ongoing coverage of the British Columbia 2009 election. We believe this is key election in the history of Climate Change policy in North America. Click here to read more about why we are are covering this election in such detail.
During a recent stay at our Marbella Property I realised just how bad global warming was - Hot is not in it - we had to come home 3 weeks early!