Janet Yellen has spoken out in support of a carbon tax as the most effective and efficient way to reduce US greenhouse gas emissions. Ms. Yellen, who chaired the US Federal Reserve until February, has joined the Climate Leadership Council, a bipartisan group pushing for the US to address the threat of global warming by introducing a carbon tax, with revenues returned...
Former Federal Reserve Chair Janet Yellen says a tax on carbon dioxide emissions would do more to combat climate change than a slew of federal environmental regulations being undone by the Trump administration. Yellen joins former Walmart Inc. Chairman Rob Walton, former Treasury Secretary Lawrence Summers and former Secretary of State George Shultz in delivering a...
An all-star lineup of economists, from Alan Greenspan to Paul Volcker, is endorsing a plan to combat climate change by slapping a tax on greenhouse gas emissions and then distributing the revenue to American households. All living former Federal Reserve chairs, several Nobel Prize winners and previous leaders of the president’s Council of Economic Advisers have...
Janet Yellen Discusses Carbon Dividends at McCloskey Speaker Series
July 30, 2019
In this panel discussion, Janet Yellen describes carbon dividends as the solution to our climate challenges and the broad support it has from industry, voters, environmental groups, economists as well as Democratic and Republican lawmakers.
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Major oil, power and consumer products companies are releasing their most specific plans yet for a nationwide tax on carbon dioxide that promises to halve U.S. emissions of the greenhouse gas by 2035. The more detailed blueprint set to be unveiled Wednesday by the Climate Leadership Council calls for a $40 tax to be levied on each ton of carbon dioxide, with the fee...
Investment banks JPMorgan Chase & Co. and Goldman Sachs Group Inc. are backing a plan to tax carbon dioxide emissions, as former Federal Reserve Chair Janet Yellen and executives from more than a dozen Fortune 100 companies pitched senators on the idea. The executives, environmentalists, and financial experts outlined their proposal over dinner Tuesday night for...