Yellen Touts Carbon Tax as ‘Textbook Solution’ to Climate Change – Bloomberg
Credit: Andrew Harrer/Bloomberg.
Article Synopsis – According to former Federal Reserve Chair Janet Yellen, a carbon tax would do far more to curb carbon emissions than government regulations have. Under the proposed tax-and-dividend plan, by 2025 energy-related emissions would be cut about 32 percent below 2005 levels. That is well below the reductions set for the U.S. by the Paris Climate Accord. To read the actual article click here.