TFIE029 CT014: Pricing carbon is essential but inadequate

Carbon taxes and cap-and-trade systems are policy tools. Regulation is a policy tool. Picking winners such as wind and solar to incent via tax breaks and feed-in tariffs are policy tools. Picking losers such as coal to eliminate is a policy tool. The answer won’t be either taxes or regulation, but both. This is a podcast version of the article of the same name on the TFIE Medium publication.