Carbon Pricing : Kill or Cure?
Carbon Pricing. Carbon Tax. Emissions Trading. Call it what you will, economists all over the world overwhelmingly agree that some sort of stringent pricing mechanism causing a strong disincentive to emit excess carbon dioxide from industrial or energy related processes, including driving our gas guzzling vehicles, is now absolutely cruical if we’re to meet even the upper limit of 2 degrees Celsius of atmospheric warming set out in the 2018 IPCC report. But there is hot debate over whether such policies would inflict yet more economic hardship on those least able to adapt.