Stern’s number is on the high side, because it’s generally agreed that his discount rates are too low.
Nordhaus’ assumptions are more reasonable, and he comes up with a tax of about that much per gallon.
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Can you help support The Blog??
If you can spare a few pounds you can donate to our fundraising campaign below. All donations are greatly appreciated and go towards our server, security and software costs. 25,000 people per day read our site and every penny goes towards our fight for free and fair journalism. We don’t take a wage and do what we do because we enjoy it and hope our readers enjoy it too.
It’s nice to see such a view being put forward – thanks.
Stern’s number is on the high side, because it’s generally agreed that his discount rates are too low.
Nordhaus’ assumptions are more reasonable, and he comes up with a tax of about that much per gallon.