Yellen Touts Carbon Tax as ‘Textbook Solution’ to Climate Change

Former Federal Reserve Chair Janet Yellen says a tax on carbon dioxide emissions would do more to combat climate change than a slew of federal environmental regulations being undone by the Trump administration.

Yellen joins former Walmart Inc. Chairman Rob Walton, former Treasury Secretary Lawrence Summers and former Secretary of State George Shultz in delivering a pitch for the carbon tax-and-dividend plan, released Monday along with an analysis of its potential emissions reductions.