silence7Carbon pricing would raise trillions needed to tackle climate crisis, says IMF | Traditionally unpopular carbon taxes could be achieved with regulatory compliance, IMF head tells Cop 28
I’m probably missing something here but doesn’t putting a price on carbon just introduce a cost that will be passed onto the consumer and allow unscrupulous companies to avoid decarbonisation by just paying credits? And while we’re on the subject won’t credits just become another traded commodity that will become sought after and then people will demand more of them because their value would inflate another bubble?
It is different from carbon credits. I don’t think you get a rebate from not emitting. If the cost is passed onto the consumer when there are good alternatives, they will be out-competed. One thing with few alternatives is transportation, which low-income households spend more on already.