“‘I think the first thing it should do is end the mantra among some environmental economists that carbon taxes are the best mechanism or the even more extreme view, which is carbon taxes will solve the problem entirely,’ Severin Borenstein, one of the paper’s co-authors and a professor at UC Berkeley’s Haas School of Business, told Yahoo Finance. ‘I think that neither of those is true. And so we need to take a more nuanced look.'”