What does the perfect carbon price look like?
Making the best method of tackling climate change even better
To most economists, putting a price on greenhouse-gas emissions is the best way to tackle climate change. It is efficient, allowing society to identify the cheapest unit of carbon-dioxide equivalent to forgo. It is fair: polluters pay; the proceeds can be redistributed. And it aids other forms of decarbonisation: complying with a carbon price forces companies to track their emissions and investors to work out which of their assets are the dirtiest.
This article appeared in the Finance & economics section of the print edition under the headline “The perfect carbon price”
Finance & economics June 3rd 2023
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- The world’s oil-price benchmark is being radically reformed
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- Why China’s government might struggle to revive its economy
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- What does the perfect carbon price look like?
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