As the world grapples with climate change, carbon pricing has emerged as a proven policy tool for discouraging the use of fossil fuels. But raising the price of fuel, gasoline, and other fossil-based energy remains politically tough. Kimberly Clausing (Peterson Institute for International Economics; UCLA) joins to discuss how carbon pricing works, what makes it effective, why the US lags behind other nations in adoption, and how carbon taxes could bring us closer to the green transition.
Music by Baegel/When I Hop/Courtesy of Epidemic Sound
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