Carbon tax gets renewed attention but still faces resistance

 

October 7, 2018



Advocates of taxing fossil fuels believe their position is stronger now because of an alarming new report on climate change and a Nobel Prize awarded to by two American economists, but neither development is likely to break down political resistance to a carbon tax.

Previous alarms about global warming met with resistance from Congress and the White House. President Donald Trump withdrew the United States from the Paris agreement on climate change last year.

The Intergovernmental Panel on Climate Change, a panel of scientists brought together by the United Nations, warned in a report Monday th...



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