"Greta Thunberg is right: It’s time to haul ass on climate change"
View on Vox websiteNew study co-authored by Bob Litterman, member of RFF's Board of Directors, on carbon pricing was cited in Vox. Listed below is the full quote:
“Financial economists understand risk better than climate economists. This new thinking found clear voice last week with the appearance of the PNAS paper “Declining CO2 price paths” by Kent Daniel of Columbia Business School; Bob Litterman, a financial analyst; and Gernot Wagner, an economist at NYU.
It argues that a properly calibrated carbon tax would start high — over $100, possibly toward $150 — rise for a decade or so, and then begin declining. That’s virtually the opposite of conventional wisdom.”
Read the full article here.
