economics

  • We May Have Been Thinking About A Carbon Price All Wrong

    We May Have Been Thinking About A Carbon Price All Wrong

    Putting a price on carbon is a key element of climate policy. The idea is simple: Carbon pollution is making the Earth uninhabitable, but companies have no incentive to stop polluting because they’re sociopathic. So slap a fee on every ton emitted, and it should (in theory) cause companies to find other, less polluting ways…