Dispu$\tau$able: the high cost of a low optical depth

Recent Baryonic Acoustic Oscillation (BAO) measurements from the Dark Energy Spectroscopic Instrument (DESI) are mildly discrepant ($2.2\sigma$) with the Cosmic Microwave Background (CMB) when interpreted within $\Lambda$CDM. When analyzing these data with extended cosmologies this inconsistency manifests as a $\simeq3\sigma$ preference for sub-minimal neutrino mass or evolving dark energy. It is known that the preference for sub-minimal neutrino mass from the suppression of structure growth could be alleviated by increasing the optical depth to reionization $\tau$. We show that, because the CMB-inferred $\tau$ is negatively correlated with the matter fraction, a larger optical depth resolves a similar preference from geometric constraints. Optical depths large enough to resolve the neutrino mass tension ($\tau\sim0.09)$ also reduce the preference for evolving dark energy from $\simeq3\sigma$ to $\simeq1.5\sigma$. Conversely, within $\Lambda$CDM the combination of DESI BAO, high-$\ell$ CMB and CMB lensing yields $\tau = 0.090 \pm 0.012$. The required increase in $\tau$ is in $\simeq3-5\sigma$ tension with Planck low-$\ell$ polarization data when taken at face value. While there is no evidence for systematics in the large-scale Planck data, $\tau$ remains the least well-constrained $\Lambda$CDM parameter and is far from its cosmic variance limit. The importance of $\tau$ for several cosmological measurements strengthens the case for future large-scale CMB experiments as well as direct probes of the epoch of reionization.