| Political hurdles and low prices have made carbon pricing a low-impact affair. But there’s still hope it can help limit climate change. Earth’s atmosphere has long served as a free dump for carbon dioxide and other greenhouse gases generated by humans.
That is changing as policy-makers embrace economists’ advice that the best way to cut greenhouse gas emissions is to charge an atmospheric disposal fee. As a result, governments are increasingly tacking on a price for carbon when fossil fuels are sold and/or consumed, allowing their economies to internalize some of the social and economic costs associated with burning coal, oil and natural gas...............................................Full Article: Source |