Carbon Taxes - What's the Biggest Innovation?

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

We need some regulation, for sure. I grew up in los angeles and the ao, the air here in the sixties and seventies was just terrible, just awful. And i think largely because of this very, very powerful fiscal incentive that was given,. That's the number one example that you'd use to promote carbon price. We love hard innovations, like iphones. The smart phone, greatest innovation. Just amazing how it's taken over.

In this conversation, based on the book The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World, Nobel Prize-winning pioneer in environmental economics Dr. Nordhaus explains how and why “green thinking” could cure many of the world’s most serious problems — from global warming to pandemics. Solving the world’s biggest problems requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society.