On Tuesday, Oct. 16, at 7 p.m., USD Emeritus Economics Professor, Dennis Johnson, will demonstrate why a carbon tax reduces carbon emissions at a much lower cost to society than direct government regulation or even cap and trade. Direct government regulation (like CAFE standards for motor vehicles) reduces emissions at a cost several times higher than that of a carbon tax.
The talk will concentrate on the analysis that provides the reasons for preferring the tax on carbon to all alternatives.
The presentation will be at the W. H. Over Museum, 1110 Ratingen Strasse St. in Vermillion, directly east of the DakotaDome. The event is sponsored by the Living Rivers Group of the South Dakota Sierra Club.