Campus carbon tax
Disclaimer: not my idea.
See Severin Borenstein's (and Frank Wolak's) proposal:
My additional 2 cents:
- there will be a lot of principal-agent issues to deal with, but this would be the perfect opportunity to cut through the excuses and figure out how individuals, communities, organizations, and businesses can actually reduce their CO2.
- most of the revenues will probably have to be redistributed broadly, but some of the revenues should definitely fund energy and climate research / scholarships / fellowships.
- I want to see the upstream CO2 of beef at the cafeteria taxed and see vegetarian options become relatively economical :)
Also, in the comments section of Borenstein's blog:
Ken Gillingham says:
December 8, 2014 at 9:25 am
Yes – it looks like Yale is actually going to do it. Nordhaus is chairing the committee and there was a workshop held on it last week (Frank was there). My understanding is that Yale is ahead of Harvard and MIT in these discussions. It is indeed very complicated!
Hope MIT moves quickly enough to lead!