As Carbon Pricing Proposals Multiply, What's the Right Carbon Price?

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Date

March 20, 2019

News Type

Media Highlight

Source

Forbes

"'It's neither economically or socially sustainable to implement a carbon cost today that equates to the social cost of carbon,' says Dallas Burtraw, Chair of California’s Independent Emissions Market Advisory Committee and a consultant to both the RGGI and California carbon cap and trade markets.

...

"RGGI’s price reserve reflects a reality that 'you’re going to have companion policies continuing to play a really important role going forward,' says Burtraw. And even a modest carbon price plays an important role. 'It sets a signal that we are committed to moving away from an economy that does not put any constraints and entering a carbon constrained future. That really changes the investment behavior of firms.'”

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