A Bipartisan Free Market Solution to Climate Change Through Atmospheric Justice
In the past year since I originally wrote this article, over 3,300 economists have now signed onto a statement in support of carbon dividends, recommending that the most cost-effective way to reduce carbon emissions at the scale and speed necessary to act sufficiently on climate change is to implement an annually rising carbon tax where the revenue is returned directly to U.S. citizens through equal lump-sum rebates. This policy recommendation is thus officially now the largest public declaration in the history of economics. The Energy Innovation and Carbon Dividends Act also now exists in both the U.S. House and Senate, and Canada has in 2019 become the first country in the world to implement carbon dividends nationwide.
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