Emeritus: David Wilson was an early proponent of the concept of energy-use fees
Tuesday, November 5, 2013 - 07:00
in Mathematics & Economics
The concept of a market-based mechanism to curb emissions of greenhouse gases—and thus slow the pace of climate change—has often been suggested in recent decades. But one particular version of such a strategy, devised in the 1970s by MIT professor of mechanical engineering David Gordon Wilson, has been adopted in one form in a Canadian province, as well as in a handful of other places—and, so far, it seems to be having the desired effect.