Sara’s Reviews > Climate Shock: The Economic Consequences of a Hotter Planet > Status Update

"No one is going to win the Nobel Prize in economics for finding the solution to climate change. (..) Arthur C. Pigou identified the general problem and the solution— (...) “Pigouvian taxes.” Each of the 35 billion tons of carbon dioxide emitted this year causes at least about $40 worth damage. The correct—the only correct—approach is to price each and every ton of carbon according to the damage it causes."