Comment on Yes, The Pope Supports A Carbon Price. Economists Just ‘Misinterpreted The Encyclical.’

Yes, The Pope Supports A Carbon Price. Economists Just ‘Misinterpreted The Encyclical.’

The pope’s climate encyclical does not oppose carbon pricing. Quite the reverse, as we will see. Leading climate economists who support putting a price on carbon, including William Nordhaus and Robert Stavins, have criticized the pope for supposedly opposing or ignoring carbon taxes and/or carbon pricing. I have long thought that some people were misreading and overemphasizing one paragraph in the encyclical at the expense of others that are clearly supportive of carbon pricing.

 

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