Difficult Choices for Climate Change

Addressing the threat caused by global climate change will require many difficult choices, some of which may negatively impact industry. The concept of carbon pricing has been proposed as one method of reducing carbon emissions by creating economic incentives for doing so. Yet critics have long claimed that this scheme will burden domestic manufacturers with higher costs, reduced production and increased competition from imports. A new article forthcoming in the Journal of the Association of Environmental and Resource Economists and co-authored by the Nicholas Institute for Environmental Policy Solutions' Billy Pizer, examines this tension in depth, and provides a potential policy path forward.

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