Another inspiring intervention on Europe from President Emmanuel Macron. Rich in concrete proposals on common public goods. But does he have any credibility left after domestic missteps? Perhaps the kind of grand "debat" in Europe he proposes can help rebuild trust.
The starting point for addressing climate change, economists agree, is a tax on carbon. But while the resulting reduction in emissions would benefit virtually everyone on the planet, those who bear a disproportionate share of the costs will mobilize in opposition – that is, unless they are given a reason not to.
argues that the best way to overcome organized resistance to a carbon tax is to buy it off.