In January, dozens of prominent economists signed a public statement urging the federal government to adopt a carbon tax as a way to incentivize businesses to use clean energy.
The tax could help fight climate change by accounting for the costs of pollution that aren’t already priced into what people pay for goods like electricity and fuel. But the carbon tax has its critics.
Hal Weitzman of the University of Chicago joins the Morning Shift to explain how a carbon tax could work in the U.S.
GUEST: Hal Weitzman, editor-in-chief of the Chicago Booth Review and executive director of Intellectual Capital at the University of Chicago's Booth School of Business
LEARN MORE: The Tax That Could Save The World (Chicago Booth Review 2/4/19)
Former Fed Leaders, Economists Rally Around Carbon Tax (Wall Street Journal 1/19/19)