The Doomsday Clock is an internationally recognized design that conveys how close we are to destroying our civilization with dangerous technologies of our own making. First and foremost among these are nuclear weapons, but the dangers include climate-changing technologies, emerging... Read More
A lawyer and professor at Vermont Law School, Milne teaches environmental taxation and land use law and is the founding director of the school's Environmental Tax Policy Institute. Her interest in environmental taxation grew out of her work in land conservation prior to attending law school, experience as a tax attorney at Covington and Burling in Washington, D.C., and service as the tax legislative assistant for Republican Sen. Lloyd Bentsen of Texas, who was then chair of the Senate Finance Committee. She is a member of the steering committee of the Annual Global Conferences on Environmental Taxation and an editor of the book series Critical Issues in Environmental taxation: International and Comparative Perspectives.
We're developing a good list of criteria for assessing the pros and cons--environmental effectiveness, the relative risks of bad design, costs, simplicity, political feasibility, and implications for an international regime.
We seem to have fairly broad agreement that carbon taxes and cap-and-trade programs share similarities, and as David Weisbach and Ken Richards suggest, each is worth its salt only if it's well designed. And I assume we agree that price matters.