III. The most efficient approach to slowing climate change is through market-based policies. In order for the world to achieve its climatic objectives at minimum cost, a cooperative approach among nations is required -- such as an international emissions trading agreement. The United States and other nations can most efficiently implement their climate policies through market mechanisms, such as carbon taxes or the auction of emissions permits. The revenues generated from such policies can effectively be used to reduce the deficit or to lower existing taxes."The revenues generated from such policies can effectively be used to reduce the deficit or to lower existing taxes. .....Right, just like the billion$ in tobacco taxes have done.
The six Nobel Laureates are: Kenneth J. Arrow, Stanford University; Gerard Debreu, University of California at Berkeley; John C. Harsanyi, University of California at Berkeley; Lawrence R. Klein, Pennsylvania State University; Robert M. Solow, Massachusetts Institute of Technology; and James Tobin, Yale University.
The project's five organizers are: Arrow and Solow, plus (the economist you love to quote) Dale W. Jorgenson, Harvard University; Paul R. Krugman, Massachusetts Institute of Technology; and William D. Nordhaus, Yale University.
Is there anything that is essentially untrue in that statement? Obviously, a government could use taxes as part of environmental policy, and governments do. Doesn't mean that is the best way to go about things though.