Several prominent economists, businessmen and government figures, many of whom have served under Republican presidents, say taxing carbon emissions and putting the dividends back in the pockets of Americans would be an effective way to combat climate change and support disaffected citizens, while adhering to conservative principles of free market economics and...
A group of Republican elder statesmen released a plan to fight climate change on Wednesday with a proposal to replace the Obama administration’s climate policies with a tax on carbon emissions. Led by former Secretaries of State James Baker III and George Schultz and former Secretary of the Treasury Henry Paulson, the Climate Leadership Council says their “Carbon...
A group of prominent Republicans released a “conservative” plan to reduce carbon dioxide emissions today, arguing that replacing Obama-era policies with a carbon-tax-and-dividend system would be a politically feasible way to fight off the worst effects of climate change. The plan, released by the Climate Leadership Council in a report titled “The Conservative Case...
I recently joined several other former senior Republican officials in proposing a plan to limit carbon dioxide emissions. The group includes Jim Baker, Henry Paulson, and George Shultz — all of them Republican former Treasury secretaries — as well as my Harvard colleague Greg Mankiw, who served as Chairman of the President’s Council of Economic Advisers under George...
[…] Our plan, unlike many of the aspirational proposals floating around these days, is grounded in concrete modeling. It’s also backed up by an Emissions Assurance Mechanism, which specifies that the carbon fee will temporarily increase faster if agreed-upon emissions reduction targets are not achieved. Second, the vast majority of Americans will be economic winners...
A group of prominent politicians, economists, and corporate executives is renewing its push in Congress for a plan that would tax carbon and refund all the money to Americans in payments of approximately $2,000 a year for a family of four. As congressional Republicans work to come up with a response to climate change, and Democratic primary voters are...
WASHINGTON – Some the America’s largest corporations are pitching a carbon tax plan to Republicans and Democrats in Congress, enlisting figures including former Federal Reserve chairman Janet Yellen and former Energy Secretary Ernest Moniz to try to sell the proposal. The Climate Leadership Council, which includes companies such as Exxon Mobil, JP Morgan Chase and...
Research commissioned by a coalition of leading energy companies and major corporations has found that taxing carbon could reduce emissions by 57 percent by 2035 compared with 2005, when the United States hit its peak of just below 6,000 million tonnes of carbon dioxide. The Climate Leadership Council, which includes the largest energy companies in the United...
A new report from the Climate Leadership Council says the carbon tax proposal developed by former Republican Secretaries of State James Baker III and the late George Shultz would slash U.S. carbon emissions by 51% on its own. When paired with other climate policies such as efficiency standards and nature-based investments, the carbon fee could help cut emissions in...
The U.S. could halve its emissions of planet-warming carbon dioxide by 2035, solely by adopting a carbon tax, the Climate Leadership Council said in a report out today, Dean Scott reports. “A carbon fee at the heart of a U.S. climate strategy will go further, faster than any other single policy intervention,” former EPA Administrator Christine Todd Whitman wrote in a...