For decades, economists have recommended that carbon dioxide and other greenhouse gases be taxed—or otherwise valued—to provide incentives to reduce them. The US does not have a federal carbon tax; however, many state and federal carbon reduction programs effectively price carbon—for example, through cap-and-trade systems or regulations. There are also programs that subsidize the reduction of carbon emissions. At the 2022 meetings of the American Economic Association, the Society for Benefit-Cost Analysis sat down with five prominent economists—Joe Aldy, Dallas Burtraw, Carolyn Fischer, Meredith Fowlie, and Rob Williams—to discuss how the U.S. is actually doing. , a carbon price and how a carbon price could. Maureen Cropper chaired the panel. This document summarizes their comments. (Cambridge University Press)