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Economics

Paying for the Climate

A price on carbon, an argument about the future, and the policies that won

Pigou · Stern · Nordhaus · Weitzman · 3 chapters · 8 min read

A price on carbon, an argument about the future, and the policies that won.

Free to read: every chapter below is open

The Bill

  1. 01Putting a Price on ItOn the instrument economists agree about and politics keeps declining.
  2. 02The Argument About the Discount RateOn the parameter that decides almost everything, and is not an economic question.
  3. 03Subsidy, Standards and BordersOn the policies that actually worked, which were not the efficient ones.