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Hausman: Carbon tax can pay for the cost of climate damage

March 3, 2021

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15-30 mins
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Smoke From The Power Station
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School of Public Policy associate professor of public policy Catherine Hausman discusses in an article for NPR Marketplace the cost for climate change can be directly paid for by imposing a tax on carbon. Hausman notes that taxing the individual taking the oil out of the ground will result in them selling “that oil at a higher price to the refinery.” The faculty expert and others highlight the impact of this option, explaining that the government can use the tax money to promote renewable energy sources and ultimately mitigate climate change.

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