We helped coordinate an all-star crew of economists to put together an op-ed on carbon pricing, featured in the Boston Business Journal. In this piece, economists James Stock (Harvard), Chris Knittel (MIT), and Gilbert Metcalf (Tufts) explain that putting a fee on carbon pollution in the Commonwealth is an effective tool to curb climate change that will also stimulate the economy.
Here’s a sneak peek:
“A basic principle of economics is that the price of goods should reflect their costs. Buy a cup of coffee at Dunkin Donuts and you pay for the coffee beans, the staff behind the counter, and the costs of brewing that coffee. With accurate prices, the laws of supply and demand ensure we use our resources efficiently.”