Why Global Carbon Trading Isn’t Working – And Some Ideas On How To Fix It.
Higher prices aren’t a bug – they’re a feature. If reducing emissions in a particular region is expensive, the price should reflect that reality. This is what drives innovation and structural change. Moreover, experience with regional carbon markets, like California’s cap-and-trade system, shows that local economies adapt when given clear price signals. Continue reading Why Global Carbon Trading Isn’t Working – And Some Ideas On How To Fix It.

