Economists Pitch Hybrid Carbon Tax, Cap Plan To Win Bipartisan Appeal

Environmental economists are bolstering a case for a hybrid between a carbon tax and a cap-and-trade system in an effort to ease environmentalists’ concern that a carbon pricing program would not cut enough greenhouse gas emissions while also ensuring the plan does not impose too much regulatory complexity on industry. The renewed push is the subject of intense attention in economic circles, but the political prospects for carbon pricing remain murky in the Trump era, though some observers say such...