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Photographer: Charles Mostoller/Bloomberg
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Risky Climate

Lawmakers Need to Do Whatever It Takes to Price Carbon

No policy should be excluded based on purist economic or environmentalist principles

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Washington is once again talking about pricing carbon. The Clean Electricity Payment Program might be dead, but a carbon tax could still be on the table. Or it might not, or perhaps be replaced by expanded loan guarantees for clean energy, or by clean energy tax credits. Whichever form it might take, the politics will be tough. They always are, until they suddenly aren’t.