What we do now, what we're doing as an alternative to a carbon tax is extremely inefficient. What you're doing subsidizing something that some people will want. And by the way, the people who buy electric cars or tend to be high income. So it's about tradops there that i think just coast expands your mind to imagine a richer set of trados.
Economist Robert Pindyck of MIT talks about his book, Climate Future, with EconTalk host Russ Roberts. Pindyck lays out what we know and do not know about climate change. He argues that because of the nature of greenhouse gases, adaptation must be part of the policy response to climate change.