title: Confronting the Climate Challenge: U.S. Policy Options
author: Lawrence Goulder
description: This book shows brilliantly how the United States can tackle the climate challenge effectively, using the fiscal system to slow climate change while protecting those who are vulnerable to the costs of a rapid transformation of the energy system. (William Nordhaus, Yale University)<br /><br />Goulder and Hafsteads thorough and thoughtful examination of some of our most promising climate policy options shows that how we implement change matters as much as the changes we make. This book will be a useful roadmap as we work to reduce the emissions driving the disruption of our climate.<u></u><u></u> (Sheldon Whitehouse, United States Senator from Rhode Island)<br /><br /><i>Confronting the Climate Challenge</i> is a rigorous and insightful analysis of policies to reduce CO2 emissions in the United States, written by the top experts in the field. It should be read by anyone who is interested in taking action to reduce the threat of climate change. <u></u><u></u> (Maureen Cropper, University of Maryland)<br /><br />Climate change policy options need to be identified and analyzed with care and a sense of the future, just as Larry Goulder and Marc Hafstead have done in this important book. (George P. Shultz, Stanford University)<br /><br />This important book by two leading authorities on the economics of climate change policy provides a rigorous assessment of the benefits and costs of alternative U.S. climate change policies, including a carbon tax, a cap-and-trade program, a clean energy standard, and an increase in federal gasoline taxes. This dispassionate analysis is particularly valuable and importantfor scholars, policy makers, and the general public. (Robert N. Stavins, Harvard University)<br /><br />How costly will it be for the United States to reduce greenhouse gas emissions? Economists Larry Goulder and Marc Hafsteadtwo of the top practitioners in the fieldwalk us knowledgeably through the various options and show how climate action can produce net benefits to society without jeopardizing the economy. Must reading for politicians, policy analysts, and climate activists. (Jerry Taylor, Niskanen Center)<br /><br />Curbing greenhouse gases is one of the most challenging issues we face. While the benefits are potentially huge, developing policies to keep costs down is urgent. Goulder and Hafstead's well-written and accessible book carefully explains the issue and evaluates the main policy proposals. It is a must read for anyone interested in the details of climate mitigation. I strongly recommend it. (Robert Mendelsohn, Yale University)
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  MAY/JUNE 2020 • VOLUME 99 • NUMBER 3 • THE FIRE NEXT TIME
  THE COMING UPHEAVAL IN CHINA
  The Fire Next Time 
  How to Prevent a Climate Catastrophe 
  
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  May/June 2020
  C OV E R :  B R IA N  S TAU F F E R
  Volume 99, Number 3
  THE FIRE NEXT TIME
  The Climate Club 
  10 
  How to Fix a Failing Global Efort 
  William Nordhaus
  The Paths to Net Zero 
  18 
  How Technology Can Save the Planet 
  Inês Azevedo, Michael R. Davidson, Jesse D. Jenkins, Valerie J. Karplus, 
  and David G. Victor
  The Strategic Case for U.S. Climate Leadership 
  28 
  How Americans Can Win With a Pro-Market Solution 
  James A. Baker III, George P. Shultz, and Ted Halstead
  A Foreign Policy for the Climate 
  39 
  How American Leadership Can Avert Catastrophe 
  John Podesta and Todd Stern
  The Unlikely Environmentalists 
  47 
  How t