Climate conundrum: Tax on emissions is pragmatic but unpopular
President Biden is seeking an unprecedented level of U.S. reductions in greenhouse gas emissions. A surprising twist: His administration and others are shying away from one of the biggest potential tools for doing that.
During his first months in office, President Joe Biden has pushed an unprecedentedly aggressive climate agenda, rejoining a global treaty, firing off executive orders, and proposing billions of dollars for transitioning toward a clean energy economy.
But one policy has been notably missing from the president’s plans. And it happens to be the one that economists...