# Professors Robert Engle, Thomas Sargent and Michael Spence are among signatories on a joint statement regarding a carbon tax

1 Faculty News January 16, 2019 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://www.wsj.com/articles/economists-statement-on-carbon-dividends-11547682910) -- "A carbon tax offers the most cost-effective lever to reduce carbon emissions at the scale and speed that is necessary. By correcting a well-known market failure, a carbon tax will send a powerful price signal that harnesses the invisible hand of the marketplace to steer economic actors towards a low-carbon future."

[Read more](https://www.wsj.com/articles/economists-statement-on-carbon-dividends-11547682910)