John Whitehead of Environmental Economics starts to grow tired of the ongoing debate in the U.S. over how to react to climate change and the need to do something about all the carbon in the atmosphere. He asks Is the house burning while we debate what type of extinguisher to use? :
Enough already. It’s time to stop. And start.
The academic debate over the minutae of CNT [cap’n’trade] or CT [carbon tax] misses the bigger point: Both price carbon. Sure they go about it in different ways and have different distributional properties and one may be more politically or socially or morally or religiously palatable than the other, but in the end they both do the same thing–put a price on the external costs of carbon-based consumption.
…I realize the debate is starting to hinder rather than help progress. It’s time to get moving.