Yglesias

International Aspects of Carbon Taxation

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CREDIT:

Brought to you by Dave Roberts and Greg Mankiw. Indeed, a carbon tax used to fund offsetting reductions in other forms of revenue acquisition, actually ought to be conducive to the understandable emphasis on growth uber alles that you see in places like India and China (less deadweight loss) and would just help ensure that as Asia’s developing giants become richer they do so in ways that are less carbon-intensive than what you see in the existing rich countries.