The world is still a long way from a future of zero carbon emissions, but that goal can be achieved sooner if nuclear energy plays a much larger role in generating electricity.
[The recommendations herein were substantially revised, 1/17/19, as noted in the section “Which Discount Rate to Use?”, and corrected 2/14/19.] Two recent position papers from the conservative libertarian Niskanen Center and the libertarian Cato Institute take diametrically opposite positions on the desirability of a Carbon Tax. [Corrected 2/8/17 per communication from Jerry Taylor.] Jerry...
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Tags: A.C. Pigou, cap and trade, carbon tax, Clear Air Act, climate policy, Deadweight Welfare Loss, EPA, Global Warming, IPCC, James Hansen, nuclear power, Social Cost of Carbon, Thorium Molten Salt Reactor, Waxman-Markey bill, Whitehouse-Schatz bill