Metcalf, Gilbert E. - National Bureau of Economic Research - 2023
While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to … considerable misunderstanding among policy makers and the public. In this paper I consider and refute five myths about carbon taxes …: 1) that a carbon price will hurt economic growth; 2) that carbon pricing will kill jobs; 3) that a carbon tax and cap …