My latest at IER. An excerpt:
First of all, consider the title of the new IMF study: “How Much Carbon Pricing is in Countries’ Own Interests? The Critical Role of Co-Benefits.”
I hope the reader’s Spidey Sense is tingling at this point. The IMF study’s entireraison d’étre is that without co-benefits—which we must remember, is a concept enjoying relatively recent attention from the carbon tax crowd—a large carbon tax is not in a given country’s own interest.