Yves here. This article takes a look at how little progress is being made against climate/carbon emission targets and recommends more aggressive government action. Presumably the book it’s summarizing, Making Climate Policy Work. However, it sets up a straw man by equating carbon pricing with cap and trade and carbon offsets. We’ve called out those approaches starting with the early days of this website, in 2007, as gimmicks that enrich intermediaries, are rife with fraud, fail to change behavior, but mislead some do-gooders into thinking they’ve accomplished something. A carbon tax is not a new idea. Al Gore pumped for it in 1992. Illustrious economists, including Fed chairmen, two former Treasury secretaries, and Brookings recommended one in 2019. The Financial Times called for “a clear and predictable price for carbon” in 2007 as a crucial step in combatting climate change, without saying how it could be achieved. Tyler Cowen (!!!) advocated a carbon tax and has also explained why regulations would likely still be necessary. From a 2014 post: