How finance ministers could fall in love with carbon pricing
Monday, November 30, 2015 - 11:50
in Earth & Climate
Pricing CO2 could help to end the deadlock of international climate policy. Finance ministers around the world would have reason enough to favor carbon taxes or emissions trading even if they do not take into account the risks resulting from unabated greenhouse-gas emissions, a new study shows. While the outcome of the world climate summit in Paris is uncertain, national governments and their economies can profit from taxing CO2 instead of taxing capital or labor—irrespective of whether or not other countries cooperate.