Prominent Political Leaders and Economists Who Support Carbon

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Prominent Political Leaders and Economists Who Support Carbon Fees or Taxes Many prominent political leaders, and most economists, believe that putting an appropriate price on greenhouse gas emissions is the most cost-effective means of reducing them. George P. Shultz (Secretary of State from 1982 to 1989 under President Reagan) “…let’s level the playing field for competing sources of energy so that costs imposed on the community are borne by the sources of energy that create them, most particularly carbon dioxide. A carbon tax, starting small and escalating to a significant level on a legislated schedule, would do the trick.…” From “A Reagan approach to climate change,”, Washington Post, March 3, 2015 Henry M. Paulson Jr. (Secretary of the Treasury from 2006 to 2009 under President George W. Bush) “We’re staring down a climate bubble that poses enormous risks to both our environment and economy… The solution can be a fundamentally conservative one that will empower the marketplace to find the most efficient response. We can do this by putting a price on emissions of carbon dioxide — a carbon tax… will unleash a wave of innovation to develop technologies, lower the costs of clean energy and create jobs….” From “The Coming Climate Crash: Lessons for Climate Change in the 2008 Recession,” New York Times, June 21, 2014 William Nordhaus, Sterling Professor of Economics, Yale University, and former President of the American Economics Association “To a first approximation, raising the price of carbon is a necessary and sufficient step for tackling global warming.” From A Question of Balance: Weighing the Options on Global Warming Policies, William Nordhaus, 2008 Harvard University Economics Professor N. Gregory Mankiw (Chairman of the President’s Council of Economic Advisors from 2003 to 2005 under President George W. Bush) “If the government charged a fee for each emission of carbon, that fee would be built into the prices of products and lifestyles. When making everyday decisions, people would naturally look at the prices they face and, in effect, take into account the global impact of their choices.” From “A Carbon Tax that America Could Live With,” New York Times, August 31, 2013. Robert Inglis, former Republican member of Congress from South Carolina “It is a no-brainer: Change what you tax,” he said. “Get off of income, get on emissions. You can’t find a member of Congress that disagrees with that. Go look for one. The biggest subsidy of all is being able to dump into the trash dump of the sky without paying a tipping fee.” From “Bob Inglis breaks from Republican Party, advocates action to fight climate change,” The Washington Times, March 24, 2015 For more information go to: www.Climate-XChange.org .

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