Tuesday 17th November: 5pm GMT/ 12pm EST/ 9am PST
The idea of a ‘carbon tax’ has been seen by many as a free-market approach to the issue of tackling climate change. The idea is that by taxing everyone the same amount for emitting one tonne of carbon dioxide, the market will drive emissions reductions in the most efficient possible way.
But despite this intuitive simplicity, the policy has nonetheless become controversial as it bumps into the messy reality of politics. Demands for greater subsidies and financial support for green tech have not gone away, despite the presence of carbon taxes in many jurisdictions. Elsewhere, voters have rejected the idea at referendums.
So can carbon taxes can be effective – despite governments’ tendency to pick winners? And what is to stop industries moving abroad to places where carbon dioxide emissions are not taxed as highly, if at all?
Joining the GWPF’s Harry Wilkinson to discuss these questions are Prof Ross McKitrick, Prof Richard Tol and Victoria Hewson.
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Professor Richard Tol
Richard S.J. Tol is a Professor at the Department of Economics, University of Sussex and the Professor of the Economics of Climate Change, Institute for Environmental Studies and Department of Spatial Economics, Vrije Universiteit, Amsterdam, the Netherlands. He is a member of the Academia Europaea. Richard received an M.Sc. in econometrics (1992) and a Ph.D. in economics (1997) from the Vrije Universiteit Amsterdam. He is ranked among the top 150 economists in the world, and has over 200 publications in learned journals (with 100+ co-authors), one book, three edited volumes, and many minor publications. He specialises in the economics of energy, environment, and climate, and is interested in tourism and scientometrics.
Professor Ross McKitrick
Ross McKitrick is a Professor of Economics at the University of Guelph where he specializes in environment, energy and climate policy. He has published widely on the economics of pollution, climate change and public policy. His book Economic Analysis of Environmental Policy was published by the University of Toronto Press in 2010. His background in applied statistics has also led him to collaborative work across a wide range of topics in the physical sciences including paleoclimate reconstruction, malaria transmission, surface temperature measurement and climate model evaluation. Professor McKitrick has made many invited academic presentations around the world, and has testified before the US Congress and committees of the Canadian House of Commons and Senate.
Victoria Hewson is Head of Regulatory Affairs at the Institute of Economic Affairs (IEA), where she has worked since Spring 2018. She is a lawyer and practiced for 12 years in the fields of technology and financial services, before joining the Legatum Institute Special Trade Commission to focus on trade and regulatory policy. Before entering the legal profession Victoria worked for Procter & Gamble in the UK and Germany.