Mr. Obama, Now is the Time for a Carbon Tax

Published January 21, 2009

Some will disagree. But this is the right time to combine policies for economic recovery with policies to control greenhouse gas emissions and prevent an even greater economic disaster from climate change in the future.

But to do this, we need a new tax at the very time that many economists are talking about a tax cut. I am talking about a carbon tax.

The reason is simple, and urgent. It...