‘The Most Equitable Climate Solution:’ Janet Yellen and 3 Other Ex-Fed Chairs Back a Carbon Tax Plan

Jan 17, 2019 - Fortune

The Climate Leadership Council (CLC), a Republican-heavy coalition of energy industry companies, environmental groups, and economists, has won the support of former Fed chairs Janet Yellen, Ben Bernanke, Alan Greenspan and Paul Volcker, 27 Nobel laureates, and 15 former chairs of the Council of Economic Advisers for its carbon tax and dividend plan.

Policymakers have debated many flavors of carbon taxes and variations such as cap-and-trade. CLC’s plan, announced in 2017 but with deep roo...