Putting a price on carbon has been cited by many as one of the most effective ways to reduce global greenhouse gas emissions. But political will for carbon pricing (or taxing) is lacking, often out of fear for a popular backlash. However, popular opposition against such measures might be less about opposing climate action than about opposing their distributive effects. A recent Nature article shows how public support can be won for carbon prices and taxes if they are designed more fairly, for example, by letting people share in the revenues through climate dividends. When done right, putting a price on carbon can actually benefit the poor, rather than harm them. In that way, it can be a key tool for realizing a just transition.
°Alternatives – Putting a price on carbon, fairly