Carbon pricing is the mainstream economic approach to fighting climate change - the focus is on getting prices to reflect all costs. Unfortunately it is a hard sell because people don't like prices rising even if for good reason. As both consumers and producers don't like paying more, it has not gained political momentum despite being a "centrist" policy.

Progressives have been pushing for more radical change - as exemplified by "The Green New Deal." This idea is to quickly move the US off of all greenhouse gas emissions and create jobs for everyone in the process with massive government investment. There are not a lot of details - it is more of a vision. This video explains and supports it:

(518) The Green New Deal, explained - YouTube

Critics point out that promising things like "jobs for everyone" and "quality education for all" always sound great on paper but are not so easy to achieve in practice. It would be a dramatic expansion of government, and risks losing support of centrists (and definitely has no support on the political right which labels it as "radical socialism").

(518) Green New Deal: Fact versus Fiction - YouTube

What do you think?

briefly summarizing the +/- of the argument I made in my video for a tax and dividend strategy.

GIVE YOUR thoughts and critical analysis using all of the economic knowledge we have gained in this course