
Which countries have put a price on carbon?
Putting a price on carbon helps us account for the real costs of fossil fuels in the market. Which countries have a carbon tax or trading system?
The true cost of burning fossil fuels is not reflected in their market price. People often compare the monetary price of fossil fuels to low-carbon alternatives such as renewables or nuclear energy. But these comparisons do not capture each option’s social impact, even in a purely economic sense.
Burning fossil fuels drives climate change. The impacts of climate change come at a cost – these impacts are already happening.
They also cause local air pollution, which kills millions every year and has negative health impacts for many more.
One way to address this is to put a price on carbon. The purpose of setting a carbon price is to capture some of these external costs in the market.
Συνέχεια εδώ