The world urgently needs to expand its use of carbon prices – Economist Article

The world urgently needs to expand its use of carbon prices But doing so could provoke another trade war Briefing May 23rd 2020 edition May 23rd 2020 I f economists ruled the world, carbon prices would drive most of the action on climate change. Polluters would pay for the negative externality their emissions inict on the planet. There might be dierences on the method of payment—some might lean more towards taxes, others towards the permits used in “cap and trade” schemes. But the idea that some sort of price would help people nd an ecient means of reducing emissions is a given.

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