Why Not Put a Price on Carbon
Why Put a Price on Carbon?
Putting a price on carbon emissions is a key climate solution because it would focus business planning on optimizing investment priorities to thrive in a carbon-constrained world.
Failing to price carbon emissions actually incentivizes the status quo with direct and indirect subsidies and costs to society that result from pumping greenhouse gasses into our environment. Examples include: net agricultural productivity loss due to drought or flooding; compromised human health; property damages from sea level rise; and changes in ecosystems that place our planet’s ability to support life as we know it in jeopardy. The International Monetary Fund estimates that these subsidies exceed $1.1 trillion per year, but are likely to be much higher.
There are numerous proposals for putting a price on carbon.
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