EXPLAINER: Can climate change be solved by pricing carbon?
Associated Press— As climate change bakes the planet, dozens of nations and many local governments are putting a price tag on greenhouse gas emissions that are increasing flooding, droughts and other costly catastrophes. Pennsylvania on Saturday becomes the first major fossil fuel-producing state in the U.S. to adopt a carbon pricing policy to address climate change. President Joe Biden is attempting a less direct approach — known as the social cost of carbon — that calculates future climate damages to justify tougher restrictions on polluting industries. A more lax policy would give you a lower carbon price.” In the most efficient world, economists say the two figures would line up, meaning there would be agreement about what climate change damages will cost and the policies used to address them. Following lawsuits from environmentalists, President Barack Obama’s administration crafted the social cost of carbon and began including future damage estimates in cost-benefit analyses for new regulations.
History of this topic
For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?
Associated Press
How carbon prices are taking over the world
Hindustan Times
Fossil fuel reform can finance our future
Al Jazeera
Time to put a price on carbon emissions
The Hindu
'Social Cost' of Carbon Pollution Four Times Higher than Recently Estimated, Shows Study
News 18
Carbon should cost 3.6 times more than US price, study says
The Independent
Carbon should cost 3.6 times more than US price, study says
Associated Press
Justices won’t block Biden policy on ‘social cost of carbon’
Associated Press
Biden halts oil, gas leases amid legal fight on climate cost
The Independent
The great experiment to put a price on nature
BBC
How trading CO2 could save the climate
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