Despite President Biden's gargantuan spending proposal for addressing climate change, his plan sidesteps putting in place a policy that would price carbon at its social cost. The odds that his overall program will succeed, without carbon being priced at something near its social cost, are low.
Despite President Biden's gargantuan spending proposal for addressing climate change, his plan sidesteps putting in place a policy that would price carbon at its social cost. The odds that his overall program will succeed, without carbon being priced at something near its social cost, are low.
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