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  1. eichengreen154_Mark HarringtonNewsday RM via Getty Images_offshorewindfarm Mark Harrington/Newsday RM via Getty Images

    The Logic of Effective Climate Action

    Barry Eichengreen

    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.
    2

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