Carbon Pricing Is A Big Broom That Sweeps Up A Lot Of Climate Problems

<p>Pricing our global greenhouse gas emissions isn&rsquo;t the only answer to addressing climate change, but it&rsquo;s a requirement for any serious climate plan. And large parts of the world have stepped up, including most of Europe, big parts of North America and China.&nbsp;<a href="https://carbonpricingdashboard.worldbank.org/" rel="noopener ugc nofollow" target="_blank">39 countries and 33 sub-national jurisdictions</a>&nbsp;have a carbon price.</p> <p>Let&rsquo;s look back a bit to a prescient economist, Arthur Pigou of Britain. His insight was that while markets were great at making things efficient and cheaper, transaction costs didn&rsquo;t include everything. His focus was on those externalities. Some externalities are positive, which is why so many airports keep being funded by cities even though they operate at a loss. The city&rsquo;s business and tourism increases are positive externalities.</p> <p><a href="https://medium.com/the-future-is-electric/carbon-pricing-is-a-big-broom-that-sweeps-up-a-lot-of-climate-problems-cb9792e107bf"><strong>Learn More</strong></a></p>
Tags: Carbon Pricing