James Stock on Climate Change, Carbon Taxes, and Techno-Optimism

James Stock, professor at Harvard University, and a former member of the Council of Economic Advisers joins EconoFact Chats this week to discuss the role of economic policy in slowing climate change. Jim argues that declining green energy prices are leading to a fundamental shift in the economic thinking around climate policy -- with the key question no longer 'how can we make it more expensive to pollute?' but rather 'how can we accelerate the date at which it becomes cheaper to be green?' Whether we arrive at a low-cost green future is far from given. But as Jim highlights, whether we get there, and how quickly, hinges on sound policy.