The new roadmap for stopping climate change bypasses the land of carbon taxes
The legal mechanism that people have been counting on to stop climate change has been politically unpopular for years. Amazingly, climate policy experts are now becoming confident that we can end CO2 emissions. An insightful study by the ISTP member Prof. Anthony Patt advocates that there are policy instruments that do fit climate change and are politically feasible. It suggests a roadmap for solving climate change that focuses first on supporting new technologies, and then on bringing down emissions.
Abstract
For many, effective climate policy is synonymous with high carbon taxes or permit prices. Because these are politically unpopular, climate change has seemed politically intractable. But pollution taxes don’t actually fit the problem of climate change, which is shaped by the need to completely eliminate, rather than simply slow down, CO2 emissions. There are other policy instruments that do fit climate change, and are also politically feasible. The new roadmap for solving climate change focuses first on supporting new technologies to enter the market and become established, and only then on bringing down emissions. There are positive signs that this approach is working.
- Article: "The new roadmap for stopping climate change bypasses the land of carbon taxes"
- external pageCulturico (2020)
- Author(s): Anthony Patt
For further information and the full article, please visit the external pageCulturico homepage.