It is backed by all former chiefs of the US Federal Reserve and a roster of Nobel economists from Keynesian Left to the free-market Right.
The fee starts at $15 a tonne and ratchets up $10 every year until the task is done. The higher the carbon fee, the bigger the citizen bonus.
The political psychology of carbon abatement is transformed instantly.
Ambrose Evans-Pritchard Telegraph 10 February 2021