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Can a Carbon Tax Help Curb Climate Change?
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Can a Carbon Tax Help Curb Climate Change?

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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When 13 federal agencies released a shocking report last November on the intensifying consequences of climate change, U.S. Sen. Chris Coons thought the dire warning might galvanize fellow lawmakers into action. But the National Climate Assessment report , which projects environmental damage to shrink the U.S. economy by 10% by the turn of century, didn’t seem to sound any alarms. Days after the White House made the report public, President Donald Trump told The Washington Post that he is not a “believer” in the scope of climate change or that it is caused by human activity. Coons, a Democrat from Delaware, believes it will take a bipartisan effort to correct course on the environment. That’s why he’s looking for a Republican senator to help him revive a bill that would tax companies that produce carbon emissions and return the money to citizens. The Energy Innovation and Carbon Dividend Act , which Coons and former Sen.…

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