Lawrence Summers on Carbon Dividends, Border Tax, Trade

The video discusses a carbon dividends approach to climate change, which involves taxing fossil fuels and distributing the revenue as dividends to citizens. This approach is seen as progressive and beneficial for business by reducing regulation. The video also covers the concept of a border adjustment tax to maintain competitiveness and emphasizes the importance of international cooperation in trade agreements, particularly in services. The discussion highlights the need for trade policies that benefit the U.S. middle class.

What are the implications of not cooperating internationally on climate policy?

What historical example is referenced to illustrate the dangers of protectionism?

How does the speaker view the relationship between trade agreements and American workers?