Scott Barrett Quoted in Marketplace
How will the world respond to the European Union’s proposed carbon border tax?
Scott Barrett, Lenfest-Earth Institute Professor of Natural Resource Economics at Columbia University, was quoted in an article by Marketplace on Monday:
The United States has expressed concern about the EU’s plans to reduce carbon emissions by raising taxes and there are concerns about increased disputes within the World Trade Organization. But at the end of the day, it will likely have the longer-term effect of getting other nations to act in a similar matter, according to Columbia University professor of natural resource economics Scott Barrett.
“I think it is really inevitable that any serious action on climate change is going to have to link with trade,” Barrett said.