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There’s an internet fight going on about how to limit emissions of greenhouse gases. In Corner #1, we have the Cap-and-Trade Kids, advocating limits on the amount of gases emitted. In Corner #2, we have the Pigou Clubbers, arguing for a carbon tax. Backing cap-and-trade are President Obama, Senator McCain (during the campaign), the European Union, and much of the rest of the world. Backing the carbon tax are … Andrew Sullivan and a bunch of economists, nominally led by Harvard’s Greg Mankiw. This seems a little lopsided.
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Tags: America, Carbon Tax, emissions reduction