What I've been reading, featuring carbon dividends, Robert Caro's research process, and a breakthrough in non-line-of-sight imaging

"The last four people to lead the Federal Reserve, 15 former leaders of the White House Council of Economic Advisers, and 27 Nobel laureates signed a letter endorsing a gradually rising carbon tax whose proceeds would be distributed to consumers as ‘carbon dividends.’"

  • With an emphasis on bipartisanship, WSJ has the statement. If paywalled, see this Bloomberg link.

  • The consensus endorsement of a rising carbon tax is not new, but to me and at least one climate economist, the dividends part was a surprise (Tyler Cowen, for one, is skeptical). He also told me he and other prominent economists had intended to also endorse the letter, but the form would not allow anyone without an American postcode to co-sign.

  • Former Senate majority leader Trent Lott (R): “This is a turning point in Republican climate policy, where the GOP economic brain trust unites behind the Baker-Shultz carbon dividends plan.”

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