Revenue-Neutral Carbon Tax Is Best Climate Tool

The single best tool for fighting global warming is a revenue-neutral carbon tax that rises gradually over time: the government acts as a pass-through, collecting from emitters and returning the money as a carbon dividend (larger for lower-income people); because of substitution effects, people shift spending away from now-costlier carbon even as their income rises, and companies 'run from increased costs like antelope run when they smell a lion.'