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ARTICLE · 13 APRIL 2021

Carbon Pricing — Is It The Zombie Climate Policy?

At a press briefing in India yesterday, John Kerry, President Biden's Special Presidential Envoy for Climate was asked by an Indian journalist about carbon pricing. Here's part of his response:

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At a press briefing in India yesterday, John Kerry, President Biden's Special Presidential Envoy for Climate was asked by an Indian journalist about carbon pricing.  Here's part of his response:

President Biden believes that at some point in time we need to find out a way to have a price on carbon that's effective.  He hasn't decided or made an announcement about it, but we all know that one of the most effective ways to reduce emissions is putting a price on carbon.

And the trade press latched onto the story, with Bloomberg (subscription required) noting, in part, that "Kerry's remarks come amid a surge in interest in carbon pricing from business groups."  And soon, I expect my friends at the Climate Leadership Council will remind us that their "Climate Dividends Plan" is the most costs-effective approach to reducing GHG emissions and has the most public support.

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