According to the latest IPCC report, the world must reduce its greenhouse gas emissions drastically if it is to keep global warming below 1.5 °C. Economists generally agree that the most efficient way to reduce such emissions is to put a price on the carbon content of fossil fuels, either by taxing carbon or through cap and trade systems. In his book, Can We Price Carbon?, UM Public Policy Professor Barry Rabe analyses the history of successes and failures of previous carbon pricing schemes, and shows that despite the political difficulties, carbon pricing can be workable. We will discuss his book over three sessions and then meet with Prof. Rabe at a fourth for updates and further discussion.

These sessions for those 50 and above will be led by Instructor Craig Stephan, a retired physicist who has led several OLLI study groups including two on the science of climate change. The Study Group will meet on Mondays from 1-3 p.m. and run from March 18 through April 8.