Pigou Club Pigou Club Homepage – an elite group of economists and pundits that promote the use of pigovian taxes

NY Times Editorial

NYTimes has joins Pigou Club with some wise words:

“Energy is currently underpriced in part because its cost does not
reflect the damage inflicted by fossil fuels. Underpricing leads to
overconsumption. Worse, it leads to underinvestment in alternatives. As
long as today’s energy is relatively cheap, there is little incentive
for private firms to develop new fuels and technologies.”

.. but also a reality check: “new taxes remain a political nonstarter, at least for now.”