I am not an economist, but I'll point out that all of these economists would respectfully disagree with John Cochrane: https://www.econstatement.org/ https://ww

I am not an economist, but I'll point out that all of these economists would respectfully disagree with John Cochrane: https://www.econstatement.org/ https://www.econstatement.org/ Including 28 Nobel laureates, former Federal Reserve chairpeople, and a few thousand other economists. But intuitively, I do agree that simply making carbon more expensive won't work. You have to take the money and inject it back into the economy in a way that alleviates the regressive nature of a plain carbon tax while making the revenue available to boost the low-carbon economy. Carbon dividends, if you trust most economists, is the most efficient way to do that.