We overuse dirty fuels – spending more on them than we would if their full cost was reflected in prices. This is not some kind of government planning argument – it is the straightforward logic of the market: that which is not paid for is overused.”

Carbon Tax Center

Pricing carbon efficiently and equitably

We overuse dirty fuels – spending more on them than we would if their full cost was reflected in prices. This is not some kind of government planning argument – it is the straightforward logic of the market: that which is not paid for is overused.”

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Former U.S. Treasury Secretary Lawrence H. Summers, in Why Now is the Right Time for a U.S. Carbon Tax, Scholars Strategy Network, Jan. 2015. Summers published a close copy of that post as an op-ed in the Washington Post, Oil’s swoon creates the opening for a carbon tax, on Jan. 4.

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