Why Carbon Pricing Isn’t Working

Though it is rare to have a climate change-related policy that can garner the support of leftists and conservatives alike, carbon pricing is such a policy. Still, broad-based support is no guarantee of effectiveness. As Stanford scholar Jeffrey Ball argues in Foreign Affairs, carbon pricing has failed to produce the hoped-for emissions cuts. Even worse, the policy has given governments and companies the false assurance that they are effectively fighting climate change despite evidence to the contrary. Supplementary measures are needed to cut greenhouse gas emissions. getAbstract recommends Ball’s eye-opening piece to policymakers and industry leaders.