100:
President and U.S. Treasury
Secretary Larry Summers called the statement’s proposal “one of the few ideas of economic policy that commands broad, bipartisan support.” The Chicago Booth Review noted that it was “perhaps the closest that the economics profession has ever come to a consensus.” Former
422:
101:
chair of the
Federal Reserve and the CEA Janet Yellen praised the statement for its broader political implications, saying it “represents a major tipping point in U.S. climate policy.”
51:
Since its original publication, the statement has been signed by over 3,500 U.S. economists and has been recognized as the largest statement in the history of the economics profession.
479:
359:
33:
385:
45:
514:
96:
The statement was praised for the spectrum of economic thought and political opinion represented by its signatories. Former
41:
74:
The carbon tax should be revenue neutral and designed to increase every year until emissions reductions goals are met.
367:
25:
194:
84:
and enhance the competitiveness of
American firms that are more energy-efficient that their foreign competitors.
68:
460:
184:
29:
21:
59:
The statement recognizes an immediate need for climate action and offers five policy recommendations:
299:
441:
97:
189:
289:
284:
269:
179:
124:
314:
239:
219:
159:
87:
The carbon tax's revenue should be distributed to U.S. citizens in equal lump-sum payments.
259:
254:
234:
209:
199:
169:
149:
37:
480:"Top economists of both parties endorse carbon tax and dividend to fight climate change"
77:
A sufficiently robust carbon tax can replace carbon regulations that are less efficient.
319:
309:
174:
134:
114:
81:
508:
500:
Economists' Statement on Carbon
Dividends Organized by the Climate Leadership Council
294:
274:
264:
249:
244:
214:
144:
119:
423:"The fastest way to cut carbon emissions is a 'fee' and a dividend, top leaders say"
334:
329:
304:
204:
164:
139:
129:
403:
324:
279:
229:
224:
154:
109:
The original forty-five signers of the statement were (sorted alphabetically):
64:
24:
framework for U.S. climate policy. The statement was organized by the
20:
is a joint statement signed by over 3,500 U.S. economists promoting a
442:"Surge in US economists' support for carbon tax to tackle emissions"
499:
386:"From Greenspan to Yellen, Economic Brain Trust Backs Carbon Tax"
459:
Maiello, Michael; Gural, Natasha (February 4, 2019).
28:and originally published on January 16, 2019 in
80:A border carbon adjustment system will prevent
67:is the most cost-effective method of reducing
8:
360:"Economists' Statement on Carbon Dividends"
408:Economists' Statement on Carbon Dividends
36:winning economists, former chairs of the
18:Economists’ Statement on Carbon Dividends
346:
384:Dlouhy, Jennifer (January 16, 2019).
7:
421:Mufson, Steven (February 13, 2020).
379:
377:
354:
352:
350:
461:"The Tax that Could Save the World"
440:Hook, Leslie (February 17, 2019).
366:. January 16, 2019. Archived from
14:
478:Siegel, Josh (January 16, 2019).
71:at the necessary scale and speed.
44:, and former secretaries of the
32:with 45 signatories, including
1:
515:Economics and climate change
42:Council of Economic Advisors
531:
26:Climate Leadership Council
364:The Wall Street Journal
40:, former chairs of the
30:The Wall Street Journal
465:Chicago Booth Review
105:Original Signatories
484:Washington Examiner
427:The Washington Post
46:Treasury Department
98:Harvard University
404:"All Signatories"
225:N. Gregory Mankiw
522:
488:
487:
475:
469:
468:
456:
450:
449:
437:
431:
430:
418:
412:
411:
400:
394:
393:
381:
372:
371:
356:
315:Lawrence Summers
300:Christopher Sims
160:Martin Feldstein
69:carbon emissions
22:carbon dividends
530:
529:
525:
524:
523:
521:
520:
519:
505:
504:
496:
491:
477:
476:
472:
458:
457:
453:
446:Financial Times
439:
438:
434:
420:
419:
415:
402:
401:
397:
383:
382:
375:
358:
357:
348:
344:
339:
255:Christina Romer
235:Daniel McFadden
200:Daniel Kahneman
190:Bengt Holmström
170:Austan Goolsbee
107:
94:
57:
38:Federal Reserve
12:
11:
5:
528:
526:
518:
517:
507:
506:
503:
502:
495:
494:External links
492:
490:
489:
470:
451:
432:
413:
395:
373:
370:on 2020-01-02.
345:
343:
340:
338:
337:
332:
327:
322:
320:Richard Thaler
317:
312:
310:Michael Spence
307:
302:
297:
292:
290:Robert Shiller
287:
285:William Sharpe
282:
277:
272:
270:Thomas Sargent
267:
262:
257:
252:
247:
242:
237:
232:
227:
222:
217:
212:
207:
202:
197:
192:
187:
182:
177:
175:Alan Greenspan
172:
167:
162:
157:
152:
147:
142:
137:
135:Michael Boskin
132:
127:
122:
117:
115:George Akerlof
111:
106:
103:
93:
90:
89:
88:
85:
82:carbon leakage
78:
75:
72:
56:
53:
13:
10:
9:
6:
4:
3:
2:
527:
516:
513:
512:
510:
501:
498:
497:
493:
485:
481:
474:
471:
466:
462:
455:
452:
447:
443:
436:
433:
428:
424:
417:
414:
409:
405:
399:
396:
391:
387:
380:
378:
374:
369:
365:
361:
355:
353:
351:
347:
341:
336:
333:
331:
328:
326:
323:
321:
318:
316:
313:
311:
308:
306:
303:
301:
298:
296:
295:George Shultz
293:
291:
288:
286:
283:
281:
278:
276:
275:Myron Scholes
273:
271:
268:
266:
263:
261:
258:
256:
253:
251:
250:Edmund Phelps
248:
246:
245:Roger Myerson
243:
241:
240:Robert Merton
238:
236:
233:
231:
228:
226:
223:
221:
218:
216:
215:Edward Lazear
213:
211:
208:
206:
203:
201:
198:
196:
195:Glenn Hubbard
193:
191:
188:
186:
183:
181:
178:
176:
173:
171:
168:
166:
163:
161:
158:
156:
153:
151:
148:
146:
145:Peter Diamond
143:
141:
138:
136:
133:
131:
128:
126:
123:
121:
120:Robert Aumann
118:
116:
113:
112:
110:
104:
102:
99:
91:
86:
83:
79:
76:
73:
70:
66:
62:
61:
60:
54:
52:
49:
47:
43:
39:
35:
31:
27:
23:
19:
483:
473:
464:
454:
445:
435:
426:
416:
407:
398:
389:
368:the original
363:
335:Janet Yellen
330:Paul Volcker
305:Robert Solow
260:Harvey Rosen
220:Robert Lucas
210:Finn Kydland
205:Alan Krueger
165:Jason Furman
150:Robert Engle
140:Angus Deaton
130:Ben Bernanke
125:Martin Baily
108:
95:
58:
50:
17:
15:
325:Laura Tyson
280:Amartya Sen
230:Eric Maskin
185:Oliver Hart
180:Lars Hansen
155:Eugene Fama
34:Nobel Prize
342:References
265:Alvin Roth
65:carbon tax
390:Bloomberg
92:Reception
509:Category
55:Summary
16:The
511::
482:.
463:.
444:.
425:.
406:.
388:.
376:^
362:.
349:^
63:A
48:.
486:.
467:.
448:.
429:.
410:.
392:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.