If there is a single issue that matters more than any other in the broader debate about climate change, it is how to price carbon dioxide emissions. The battle against catastrophic global warming will have already been lost if those advocating a low figure come out on top.
The cost of global warming is determined in tort, not government. If the cost is turned into carbon taxes then you just change the cost by increasing it as government subsidized oil consumption. Economists can never figure this out, most of them have no good pricing theory anyway.
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