A group of U.S. economists has written a letter to President Barack Obama backing the European Union's emissions-trading system for the global airline industry. The economists call on the U.S. to support the EU's "innovative efforts" to price carbon and limit aviation emissions, according to a copy reviewed by The Wall Street Journal. "Your administration should endorse the EU's efforts, not oppose them," the 26 economists wrote in the letter, which was dated Tuesday. The signatories include five Nobel laureates, among them Thomas Sargent, winner of last year's prize in economics and a professor at New York University.
Wednesday, March 14, 2012
U.S. Economists Back EU Emissions Plan
A group of U.S. economists has written a letter to President Barack Obama backing the European Union's emissions-trading system for the global airline industry. The economists call on the U.S. to support the EU's "innovative efforts" to price carbon and limit aviation emissions, according to a copy reviewed by The Wall Street Journal. "Your administration should endorse the EU's efforts, not oppose them," the 26 economists wrote in the letter, which was dated Tuesday. The signatories include five Nobel laureates, among them Thomas Sargent, winner of last year's prize in economics and a professor at New York University.
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